Required Information [The following Information applies to the questions displayed below.) On December 31, Reggit Company...

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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 $ 76,000 57,000 72,000 Fair Value $ 74,488 50,730 69,120 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 Verrizano Corporation bonds Preble Corporation notes Lucerne Company bonds Total Cost Fair Value Unrealized Amount S 76,000 $ 74,480 57,000 72,000 50,730 69,120 $ 205,000 $194,330 Unrealized Loss General Journal > 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 $ 76,000 57,000 72,000 Fair Value $ 74,488 50,730 69,120 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 Verrizano Corporation bonds Preble Corporation notes Lucerne Company bonds Total Cost Fair Value Unrealized Amount S 76,000 $ 74,480 57,000 72,000 50,730 69,120 $ 205,000 $194,330 Unrealized Loss General Journal >