Journal entries for holdings of marketable equity securities. Events related to Simmons Corporation's investments of temporarily excess cash appear below. The firm classifies these investments as Securities Available for Sale.

None of these three securities paid dividends. Prepare dated journal entries for the events related to these investments, assuming that the accounting period is the calen dar year.

a. Acquisition of securities.

b. Revaluation on December 31.

c. Sale of securities.(Appendix)

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Market Value on December 31 Security Date Acquired Acquisition Date Cost Year 6 Year 7 Sold Selling Price T 6/13/Year 6 $12,000 $13,500 $15,200 2/15/Year 8 6/13/Year 6 $29,000 $26.200 331.700 8/22/Year 8 6/13/Year 6 $43,000 $14,900 $28.500 10/11/Year 6 $39.000