required:

entries:

Exercise 15-6 Multiyear fair value adjustments to available-for-sale debt securities LO P3 Ticker Services began operations in Year 1 and holds long-term investments in available-for-sale debt securities. The year-end cost and fair values for its portfolio of these investments follow. Portfolio of Available-for-Sale Securities December 31, Year 1 December 31, Year 2 December 31, Year 3 December 31, Year 4 Cost $12,600 17.900 21,300 15,300 Fair Value $16,500 26,100 32,600 20,600 Prepare journal entries to record each year-end fair value adjustment for these securities. View transaction list Journal entry worksheet Record the year-end adjustment to fair value, if any, as of December 31, Year 1. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, Year 1 Record entry Clear entry View general Journal View transaction list Journal entry worksheet