2. Trading securities Aan A Joplin Holding Co. manages a portfolio of investments, all corporate Total Fair common stock. All four stocks were purchased on November 8 and are Value Number of Initial Cost Market Price Total Cost classified as trading securities. The initial cost per share (on November 8) Shares per Share per Share Name November 8 November 30 and the market price per share at the end of the month (on November $13.15 $15.30 Carson Inc. 300 30) of each company's stock, as well as the number of shares purchased, Killian Corp. 100 30.60 37.35 are shown in the table. Railly Inc. 16.65 400 18.25 Zephyr Co. 200 23.90 21.60 Calculate the oost and current fair values of each stock's position and the Total total cost and total fair value of the entire portfolio. Complete the journal entries needed to record the stock purchases on November 8 and the adjusting entry for changes in fair value on November 30. When entering multiple investments in stock, list investment accounts in the order in which they are listed in the preceding investment schedule. JOURNAL Post. Debit Date Description Ref. Credit 1 Nov 8 6 Nov 30 Not sure about the account title? Click here to view the chart of accounts. v