on december 31 2017 lujack co held the following short term available for sale secur 3387246

On December 31, 2017, Lujack Co. held the following short-term available-for-sale securities. Lujack had no short-term investments prior to the current period. Prepare the December 31, 2017, year-end adjusting entry to record the fair value adjustment for these securities. Available-for-Sale Securities Cost Fair Value Nintendo Co. common stock . . . . . . . . . . . . . . . . . . . . . . . . . . $44,450……….$48,900 Atlantic bonds payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49,000……………47,000 Kellogg Co. notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . 25,000…………….23,200 McDonald s Corp. common stock . . . . . . . . . . . . . . . . . . . . . . 46,300…………..44,800

 

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