On December 31, Lujack Co. held the following short-term available-for-sale securities. Lujack had no short-term investments prior to the current period. Prepare the December 31 year-end adjusting entry to record the fair value adjustment for these debt securities. Complete this question by entering your answers in the tabs below. Fair Value Adjustment General Journal Computation of fair value adjustment. Computation of Fair Value Adjustment Available-for-Sale Securities Cost Fair Value Unrealized Amount Nintendo Co. notes Atlantic bonds Kellogg Co. notes McDonald's Corp. bonds Totals $ 79,300 $ 86,437 31,720 29,500 57,096 53,670 107,055 101,702 $ 275,171 $ 271,309 Unrealized loss On December 31, Lujack Co. held the following short-term available-for-sale securities. Lujack had no short-term investments prior to the current period. Prepare the December 31 year-end adjusting entry to record the fair value adjustment for these debt securities. Complete this question by entering your answers in the tabs below. Fair Value Adjustment General Journal Prepare the December 31 year-end adjusting entry to record the fair value adjustment for these debt securities. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 > Record the year-end adjustment to fair value, if any. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Record entry Clear entry View general journal