put option is estimated to be $1,000. For simplicity, ignore interest on the bonds and assume the purchase price of the put option is zero. Required a. Prepare the entry to adjust the investment to fair value on December 31. - Note: If a journal entry isn't required, select "N/ADebit" and "N/ACredit" as the account names and leave the Dr. and Cr. answers blank (zero). b. Prepare the entry to adjust the put option to fair value on December 31. - Note: If a journal entry isn't required, select "N/ADebit" and "N/ACredit" as the account names and leave the Dr. and Cr. answers blank (zero)