Rose Company had no short-term investments prior to year 2017. It had the following transactions involving short-term investments in available-for-sale securities during 2017.

Apr.		16		Purchased 10,000 shares of Gem Co. stock at $25.00 per share plus a $400 brokerage fee.
May		1		Paid $280,000 to buy 3-month U.S. Treasury bills (debt securities): $280,000 principle amount, 5% interest, securities mature on July 31.
July		7		Purchased 5,000 shares of PepsiCo stock at $49.00 per share plus a $370 brokerage fee.
		20		Purchased 2,500 shares of Xerox stock at $15.00 per share plus a $450 brokerage fee.
Aug.		1		Received a check for principal and accrued interest on the U.S. Treasury bills that matured on July 31.
		15		Received a(n) $0.85 per share cash dividend on the Gem Co. stock.
		28		Sold 5,000 shares of Gem Co. stock at $31.75 per share less a $490 brokerage fee.
Oct.		1		Received a $2.00 per share cash dividend on the PepsiCo shares.
Dec.		15		Received a $1.00 per share cash dividend on the remaining Gem Co. shares.
		31		Received a $1.30 per share cash dividend on the PepsiCo shares.

Prepare a table to compare the year-end cost and fair values of Rose's short-term investments in available-for-sale securities. The year-end fair values per share are: Gem Co., $27.25; PepsiCo, $46.25; and Xerox, $12.00.

Comparison of Cost and Fair Values for AFS Portfolio
	Cost	Fair Value	Unrealized Amount
Gem Co.
Pepsi Co.
Xerox
Total	$0	$0

Prepare an adjusting entry, if necessary, to record the year-end fair value adjustment for the portfolio of short-term investments in available-for-sale securities. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Record the year-end adjusting entry for the securities portfolio as of December 31, 2017.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Dec 31, 2017