Portfolio of Available-for-Sale Securities Cost Fair Value December 31, Year 1 $ 11,000 $ 17,700 December 31, Year 2 18,500 26,400 December 31, Year 3 21,100 31,900 December 31, Year 4 15,400 19,800 Prepare journal entries to record each year-end fair value adjustment for these securities.

• Record the year-end adjustment to fair value, if any, as of December 31, Year 1.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Dec. 31, Year 1

• Record the year-end adjustment to fair value, if any, as of December 31, Year 2.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Dec. 31, Year 2

• Record the year-end adjustment to fair value, if any, as of December 31, Year 3.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Dec. 31, Year 3

• Record the year-end adjustment to fair value, if any, as of December 31, Year 4.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Dec. 31, Year 4