2018

Apr.		15		Sold 1,000 shares of Johnson & Johnson at $23.50 per share less a $525 commission.
July		5		Sold 1,500 shares of Mattel at $23.90 per share less a $235 commission.
July		22		Purchased 600 shares of Sara Lee at $22.50 per share plus a $480 commission.
Aug.		19		Purchased 900 shares of Eastman Kodak at $17 per share plus a $198 commission.
Dec.		31		Per share fair values for stocks in the portfolio are: Kodak, $19.25 Sara Lee, $20.00 and Sony, $35.00.

2019

Feb.		27		Purchased 2,400 shares of Microsoft at $67.00 per share plus a $525 commission.
June		21		Sold 1,200 shares of Sony at $48.00 per share less an $880 commission.
June		30		Purchased 1,400 shares of Black & Decker at $36.00 per share plus a $435 commission.
Aug.		3		Sold 600 shares of Sara Lee at $16.25 per share less a $435 commission.
Nov.		1		Sold 900 shares of Eastman Kodak at $22.75 per share less a $625 commission.
Dec.		31		Per share fair values for stocks in the portfolio are: Black & Decker, $39.00 and Microsoft, $69.00.

Required: 1. Prepare journal entries to record these transactions and events and any year-end fair value adjustments to the portfolio of long-term available-for-sale 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.)

********Word Choices for Journal Entry************

• No journal entry required
• Accounts receivable
• Cash
• Dividend revenue
• Earnings from investment
• Earnings from long-term investment
• Fair value adjustmentAFS (LT)
• Fair value adjustmentAvailable-for-sale (ST)
• Fair value adjustmentTrading
• Foreign exchange gain
• Foreign exchange loss
• Gain on sale of investments
• Interest receivable
• Interest revenue
• Long-term investmentsAFS (Black & Decker)
• Long-term investmentsAFS (Eastman Kodak)
• Long-term investmentsAFS (J&J)
• Long-term investmentsAFS (Mattel)
• Long-term investmentsAFS (Microsoft)
• Long-term investmentsAFS (Sara Lee)
• Long-term investmentsAFS (Sony)
• Loss on sale of investments
• Sales
• Short-term investmentsAFS (Black & Decker)
• Short-term investmentsAFS (Eastman Kodak)
• Short-term investmentsAFS (J&J)
• Short-term investmentsAFS (Mattel)
• Short-term investmentsAFS (Microsoft)
• Short-term investmentsAFS (Sara Lee)
• Short-term investmentsAFS (Sony)
• Unrealized gainEquity
• Unrealized gainIncome
• Unrealized lossEquity
• Unrealized lossIncome