Required information [The following information applies to the questions displayed below.] On December 31, Reggit Company held the following short-term investments in its portfolio of available-for-sale debt securities. Reggit had no short-term investments in its prior accounting periods. Available-for-Sale Securities Verrizano Corporation bonds Preble Corporation notes Lucerne Company bonds Cost $63,000 44,000 59,000 Fair Value $61,740 39,160 56,640 Prepare the December 31 adjusting entry to report these investments at fair value. Complete this question by entering your answers in the tabs below. Fair Value Adjustment General Journal Computation of fair value adjustment. Fair Value Adjustment Computation - Available for Sale Portfolio Cost Fair Value Unrealized Amount $ 61,740 Verrizano Corporation bonds Preble Corporation notes Lucerne Company bonds 63,000 $ 44,000 39,160 56,640 59,000 Total $ 166,000 $ 157,540 Unrealized Loss Fair Value Adjustment General Journal Fair Value Adjustment General Journal Prepare the December 31 adjusting entry to report these investments at fair value. View transaction list Journal entry worksheet 1 Record the year-end adjusting entry for the securities portfolio. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry clear entrar View.generaliournal