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Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below] Kitty Company began operations

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Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below] Kitty Company began operations in the current year and acquired short-term debt investments in trading securities. The year-end cost and fair values for its portfolio of these debt investments follow. QS C-4 (AIgo) Fair value adjustment to a portfolio of trading securities LO P1 Prepare the journal entry to record the December 31 year-end fair value adjustment for these debt securities. Journal entry worksheet Record the year-end adjustment to fair value, If any. Note: Enter debits before credits

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