2017

Jan.		20		Purchased 900 shares of Ford Motor Co. at $27 per share plus a $120 commission.
Feb.		9		Purchased 2,500 shares of Lucent at $38 per share plus a $190 commission.
Oct.		12		Purchased 720 shares of Z-Seven at $8.10 per share plus a $100 commission.
Dec.		31		Fair value of the short-term investments in trading securities is $130,100.

2018

Apr.		15		Sold 900 shares of Ford Motor Co. at $30 per share less a $295 commission.
July		5		Sold 720 shares of Z-Seven at $11.00 per share less a $95 commission.
July		22		Purchased 1,800 shares of Hunt Corp. at $32 per share plus a $225 commission.
Aug.		19		Purchased 1,900 shares of Donna Karan at $42.00 per share plus a $100 commission.
Dec.		31		Fair value of the short-term investments in trading securities is $228,745.

2019

Feb.		27		Purchased 3,800 shares of HCA at $39 per share plus a $440 commission.
Mar.		3		Sold 1,800 shares of Hunt at $27 per share less a $125 commission.
June		21		Sold 2,500 shares of Lucent at $35.75 per share less a $32 commission.
June		30		Purchased 1,300 shares of Black & Decker at $47.50 per share plus a $595 commission.
Nov.		1		Sold 1,900 shares of Donna Karan at $42.00 per share less a $119 commission.
Dec.		31		Fair value of the short-term investments in trading securities is $217,700.

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 no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round your intermediate calculations.)