Exercise C$-6($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

General

Adjustment

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,$$75,700,$$$82,513,,],[$Atlantic bonds,$30,280,28,160,,],[$Kellogg Company notes,$54,504,.,51,234,],[$McDonald$\text{'}$s Corporation bonds,$102,195,97,085,,],[$Totals$,$$$262,679,$$$258,992,,]]$