3 has15 questions that go with it.

alue 45.00 points Carlsville Company, which began operations in 2015, invests its idle cash in trading securities. The following transactions are from its short-term investments in trading securities 2015 Jan. 20 Purchased 900 shares of Ford Motor Co. at $28 per share plus a $130 commission. Feb. 9 Purchased 3,000 shares of Lucent at $38 per share plus a $200 commission. Oct. 12 Purchased 720 shares of Z-Seven at $8.10 per share plus a $90 commission. Dec. 31 Fair value of the short-term investments in trading securities is $150,300 2016 Apr. 15 Sold 900 shares of Ford Motor Co. at $30 per share less a $290 commission. July 5 Sold 720 shares of Z-Seven at $10.75 per share less a $90 commission July 22 Purchased 1,700 shares of Hunt Corp. at $31 per share plus a $225 commission. Aug. 19 Purchased 1,900 shares of Donna Karan at $41.00 per share plus a $105 commission. Dec. 31 Fair value of the short-term investments in trading securities is $241,350 2017 Feb. 27 Purchased 3,900 shares of HCA at $33 per share plus a $410 commission. Mar. 3 Sold 1,700 shares of Hunt at $26 per share less a $130 commission. June 21 Sold 3,000 shares of Lucent at $35.75 per share less a $42 commission June 30 Purchased 1,400 shares of Black & Decker at $47.50 per share plus a $590 commission Nov. 1Sold 1,900 shares of Donna Karan at $41.00 per share less a $124 commission. Dec. 31 Fair value of the short-term investments in trading securities is $200,600 Required 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 select No journal entry required in the first entry field. Do not round your intermediate calculations.) view transaction list view general journal