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5 Carlsville Company, which began operations in 2017, invests its idle cash in trading securities. The following transactions are from its short-term investments in trading securities 2017 an. 28 Purchased 800 shares of Ford Motor Co. at $28 per share plus a $125 commission Feb. 9 Purchased 2,900 shares of Lucent at $31 per share plus a $280 commission. Oct. 12 Purchased 728 shares of 2-Seven at $7.68 per share plus a $9s commission. Dec. 31 Fair value of the short-term investments in trading securities is $121, 30. 2018 Apr. 15 Sold 800 shares of Ford Motor Co. at $3e per share less a $290 commission. uly 5 Sold 720 shares of Z-Seven at $10.75 per share less a $95 commission. Duly 22 Purchased 1,800 shares of Hunt Corp. at $39 per share plus a $225 commission. Aug. 19 Purchased 1,600 shares of Donna Karan at $50.00 per share plus a $110 commission. Dec. 31 Fair value of the short-term investments in trading securities is $236,855. 2019 Feb. 27 Purchased 3,700 shares of HCA at $32 per share plus a $420 commission. Mar. 3 Sold 1,800 shares of Hunt at $34 per share less $125 commission une 21 Sold 2,900 shares of Lucent at $28.75 per share less a $42 commission. June 30 Purchased 1,300 shares of Black & Decker at $47.58 per share plus a $595 commission. Nov. 1 Sold 1,600 shares of Donna Karan at $50.00 per share less a $129 commission. Dec. 31 Fair value of the short-term investments in trading securities is $185, 900 Required: Prepare journal entries to record these short-term investment activities for the years shown. On December 31 of each year prepare the adjusting entry to record any necessary fair value adjustment for the portfolio of trading securities (If transection/event, select "No journal entry required" in the first occount field. Do not round no entry is required for a your intermediate calculations.) Prey 5 of 5 Next

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