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Ticker Services began operations in 2015 and maintains long-term investments in available-for-sale securities. The year-end cost...

Ticker Services began operations in 2015 and maintains long-term investments in available-for-sale securities. The year-end cost and fair values for its portfolio of these investments follow.

Portfolio of Available-for-Sale Securities Cost Fair Value
December 31, 2015 $ 369,060 $ 357,988
December 31, 2016 420,728 445,972
December 31, 2017 572,190 676,901
December 31, 2018 864,007 768,966


Prepare journal entries to record each year-end fair value adjustment for these securities.

Calculation adjustment required to fair value adjustment.

12/31/15 Existing balance in Fair Value Adjustment-AFS (LT)
Required balance in Fair Value Adjustment-AFS (LT)
Adjustment required to Fair Value Adjustment-AFS (LT)
12/31/16 Existing balance in Fair Value Adjustment-AFS (LT)
Required balance in Fair Value Adjustment-AFS (LT)
Adjustment required to Fair Value Adjustment-AFS (LT)
12/31/17 Existing balance in Fair Value Adjustment-AFS (LT)
Required balance in Fair Value Adjustment-AFS (LT)
Adjustment required to Fair Value Adjustment-AFS (LT)
12/31/18 Existing balance in Fair Value Adjustment-AFS (LT)
Required balance in Fair Value Adjustment-AFS (LT)
Adjustment required to Fair Value Adjustment-AFS (LT)

Record the year-end adjusting entry for the securities portfolio as of December 31, 2015.

Date General Journal Debit Credit
Dec 31, 2015

Record the year-end adjusting entry for the securities portfolio as of December 31, 2016.

Date General Journal Debit Credit
Dec 31, 2016

Record the year-end adjusting entry for the securities portfolio as of December 31, 2017.

Date General Journal Debit Credit
Dec 31, 2017

Record the year-end adjusting entry for the securities portfolio as of December 31, 2018.

Date General Journal Debit Credit
Dec 31, 2018

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