Exercise $15-6($Algo$)$ Fair value adjustment to available$-$for$-$sale debt securities LO P$3$

On December $31,$ Lujack Company held the following short$-$term available$-$for$-$sale securities$.$ Lujack had no short$-$term investments prior to the current period.

Prepare the December $31$ year$-$end adjusting entry to record the fair value adjustment for these debt securities$.$

Complete this question by entering your answers in the tabs below.

Fair Value Adjustment

General

Journal

Computation of fair value adjustment.

$\backslash$table$[[$Computation of Fair Value Adjustment$],[$Available$-$for$-$Sale Securities,Cost,Fair Value,$\backslash$table$[[$Unrealized$],[$Amount$]],$Gain or Loss?$],[$Nintendo Company notes,$$88,200,$$$,96,138,],[$Atlantic bonds,$35,280,32,810,,],[$Kellogg Company notes,$63,504,59,694,,],[$McDonald$\text{'}$s Corporation bonds,$119,070,113,117,,],[$Totals$,$$$306,054,$$$301,759,,]]$