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Ticker Services began operations in 2015 and maintains long-term investments in available-for-sale securities. The year-end cost and fair values for its portfolio of these investments
Ticker Services began operations in 2015 and maintains long-term investments in available-for-sale securities. The year-end cost and fair values for its portfolio of these investments follow. Portfolio of Available-for-Sale Securities Fair Value Cost December 31, 2015 $314,250 358,245 487,213 $304,823 379,740 December 31, 2016 576,373 654,766 December 31, 2017 December 31, 2018 735,692 Prepare journal entries to record each year-end fair value adjustment for these securities. Complete this question by entering your answers in the tabs below. General Journal Adjustment Calculation Calculation adjustment required to fair value adjustment. Debit Credit Existing balance in Fair Value Adjustment-AFS (LT) Required balance in Fair Value Adjustment-AFS (LT) Adjustment required to Fair Value Adjustment-AFS (LT) 12/31/15 Existing balance in Fair Value Adjustment-AFS (LT) 12/31/16 Required balance in Fair Value Adjustment-AFS (LT) Adjustment required to Fair Value Adjustment-AFS (LT) Calculation adjustment required to fair value adjustment. Credit Debit Existing balance in Fair Value Adjustment-AFS (LT) 12/31/15 Required balance in Fair Value Adjustment-AFS (LT) Adjustment required to Fair Value Adjustment-AFS (LT) Existing balance in Fair Value Adjustment-AFS (LT) 12/31/16 Required balance in Fair Value Adjustment-AFS (LT) Adjustment required to Fair Value Adjustment-AFS (LT) Existing balance in Fair Value Adjustment-AFS (LT) Required balance in Fair Value Adjustment-AFS (LT) Adjustment required to Fair Value Adjustment-AFS (LT) 12/31/17 Existing balance in Fair Value Adjustment-AFS (LT) Required balance in Fair Value Adjustment-AFS (LT) Adjustment required to Fair Value Adjustment-AFS (LT) 12/31/18 Adjustment Calculation General Journal
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