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	Cost			Fair Value
December 31, 2015	$	363,810		$	352,896
December 31, 2016		414,743			439,628
December 31, 2017		564,050			667,271
December 31, 2018		851,716			758,027

Prepare journal entries to record each year-end fair value adjustment for these securities.

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 Adjustment Calculation Journal Calculation adjustment required to fair value adjustment. Credit Debit 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) Existing balance in Fair Value Adjustment-AFS (LT) 12/31/17 Required balance in Fair Value Adjustment-AFS (LT) Adjustment required to Fair Value Adjustment-AFS (LT) Existing balance in Fair Value Adjustment-AFS (LT) 12/31/18 Required balance in Fair Value Adjustment-AFS (LT) Adjustment required to Fair Value Adjustment-AFS (LT) Journal entry worksheet 2 3 1 4 Record the year-end adjusting entry for the securities portfolio as of December 31, 2015 Note: Enter debits before credits. Credit General Journal Debit Date Dec 31, 2015 View general journal Record entry Clear entry Journal entry worksheet 2 3 1 4 Record the year-end adjusting entry for the securities portfolio as of December 31, 2016 Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2016 Record entry View general journal Clear entry Journal entry worksheet 2 3 1 4 Record the year-end adjusting entry for the securities portfolio as of December 31, 2017 Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2017 Record entry View general journal Clear entry Journal entry worksheet 2 3 1 4 Record the year-end adjusting entry for the securities portfolio as of December 31, 2018 Note: Enter debits before credits. General Journal Credit Date Debit Dec 31, 2018 Record entry View general journal Clear entry