QS 15-5 Multiyear fair value adjustments to trading securities LO P1 Kitty Company began operations in 2016 and maintains short-term investments in trading securities. The year-end cost and fair values for its portfolio of these investments follow. Portfolio of Trading Securities December 31, 2016 December 31, 2017 Fair Value Cost $53 $43 50 62 December 31, 2018 68 85 72 December 31, 2019 63 Prepare journal entries to record each December 31 year-end fair value adjustment for these above securities. View transaction list Journal entry worksheet 1 2 3 4 Record the year-end adjustment to fair value, if any Note: Enter debits before credits. General Journal Date Debit Credit Dec 31, 2016 Journal entry worksheet 1 2 3 4 Record the year-end adjustment to fair value, if any. Note: Enter debits before credits. General Journal Date Debit Credit Dec 31, 2017 Record entry Clear entry View general journal Journal entry worksheet