2017 an. 20 Purchased 800 shares of Ford Motor Co. at $28 per share plus a $125 commission. Feb. 9 Purchased 2,980 shares of Lucent at $31 per share plus a $200 commission. Oct. 12 Purchased 720 shares of Z-Seven at $7.60 per share plus a $95 commission. Dec. 31 Fair value of the short-term investments in trading securities is $121,300. 2018 Apr. 15 Sold 800 shares of Ford Motor Co. at $30 per share less a $298 commission. Duly 5 Sold 720 shares of Z-Seven at $10.75 per share less a $95 commission. July 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 a $125 commission June 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 $47.50 per share plus a $595 commission. Nov. 1 Sold 1,600 shares of Donna Karan at $50.00 per share less a $129 coomission. Dec. 31 Fair value of the short-term investments in trading securities is $185,90. Required: Prepare journal entries to record these short-term investment activities for the years shown. On Decer adjusting entry to record any necessary fair value adjustment for the portfolio of trading securities (If transaction/event, select "No journal entry required in the first account field. Do not round your in Complete this question by entering your answers in the tabs below. Prev 5of 5 Next