On December Lujack Company held the following shortterm availableforsale securities Lujack had no shortterm investments prior to the current period.
Prepare the December yearend adjusting entry to record the fair value adjustment for these debt securities
points
References
Complete this question by entering your answers in the tabs below.
Fair Value
Adjustment
General
Journal
Prepare the Decenroer yearend adjusting entry to record the fair value adjustment for these debt securities
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field.
Journal entry worksheet
Record the yearend adjustment to fair value, if any.
Note: Enter debits before credits.
tableDateGeneral Journal,Debit,CredittableDecemberrer
