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  3. 3 on december 31, lujack company held the followi

3 On December 31, Lujack Company held the following short-term available-for-sale securities. Lujack had...

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Accounting

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.
3 points
References
Complete this question by entering your answers in the tabs below.
Fair Value
Adjustment
General
Journal
Prepare the Decenroer 31 year-end adjusting entry to record the fair value adjustment for these debt securities.
Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.
Journal entry worksheet
1
Record the year-end adjustment to fair value, if any.
Note: Enter debits before credits.
\table[[Date,General Journal,Debit,Credit],[\table[[December],[31]],,,],[re,r,,],[,,,],[,,,]]
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