Portfolio of Available-for-Sale Securities Cost Fair Value December 31, Year 1 $ 11,000 $ 17,700 Dec

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Portfolio of Available-for-Sale Securities Cost Fair Value December 31, Year 1 $ 11,000 $ 17,700 December 31, Year 2 18,500 26,400 December 31, Year 3 21,100 31,900 December 31, Year 4 15,400 19,800 Prepare journal entries to record each year-end fair value adjustment for these securities. Record the year-end adjustment to fair value, if any, as of December 31, Year 1.

Note: Enter debits before credits. Date General Journal Debit Credit Dec. 31, Year 1 Record the year-end adjustment to fair value, if any, as of December 31, Year 2.

Note: Enter debits before credits. Date General Journal Debit Credit Dec. 31, Year 2 Record the year-end adjustment to fair value, if any, as of December 31, Year 3.

Note: Enter debits before credits. Date General Journal Debit Credit Dec. 31, Year 3 Record the year-end adjustment to fair value, if any, as of December 31, Year 4.

Note: Enter debits before credits. Date General Journal Debit Credit Dec. 31, Year 4