Prescrip Co. began operations in 2014. The cost and fair values for its long-term investments portfolio in available-for-sale securities are shown below. Prepare Prescrips December 31, 2015, adjusting entry to reflect any necessary fair value adjustment for these investments.

Prescrip Co. began operations in 2014. The cost and fair values for its long-term investments portfolio in available-for-sale securities are shown below. Prepare Prescrip's December 31, 2015, adjusting entry to reflect any necessary fair value adjustment for these investments. (If no entry is required select No journal entry required in the first entry field.) Portfolio of Available-for-Sale Securities December 31, 2014 December 31, 2015 Cost $ 69,469 Fair Value $ 63,217 79,612 75,106 view transaction listview general journal Journal Entry Worksheet Record the December 31, 2015 year-end adjusting entry for the securities portfolio, if any Date General Journal Debit Credit Dec 31 Enter debits before credits done clear entry record entry