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Carlsville Company began in 2017, invests its idle cash in trading securities. The following transactions are from its short-term investments in trading securities. The only

Carlsville Company began in 2017, invests its idle cash in trading securities. The following transactions are from its short-term investments in trading securities.image text in transcribed

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The only thing I can't figure out is journal entry 6 in 2019.

2017 at $26 per share plus a $125 commission 9 Purchased 2,200 shares of Lucent at $44.25 per share plus a $578 commission Jan. 20 Purchased 800 shares of Ford Motor Co. Feb. Oct. 12 Purchased 750 shares of 2-Seven at $7.50 per share plus a $200 commission. Dec. 31 Fair value of the short-term investments in trading securities is $130,000. 2018 Apr. 15 Sold 800 shares of Ford Motor Co. at $29 per share less a $285 commission. July 5 Sold 750 shares of 2-Seven at $10.25 per share less a $102.50 commission. July 22 Purchased 1, 600 shares of Hunt Corp. at $30 per share plus a $444 commission. Aug 19 Purchased 1,800 shares of Donna Karan at $18.25 per share plus a $290 commission. in trading securities is $160,000 Dec. 31 Fair value of the short-term investments 2019 Feb. 27 Purchased 3,400 shares of HCA at $34 per share plus a $420 commission 3 Sold 1,600 shares of Hunt at $25 per share less a $250 commission June 21 Sold 2,200 shares of Lucent at $42 per share less a $420 commission Mar June 30 Purchased 1, 200 shares of Black & Decker at $47.50 per share plus a $595 commission. 1 Sold 1,800 shares of Donna Karan at $18.25 per share less a $309 commission. Dec. 31 Fair value of the short-term investments in trading securities is $180,000 Nov. 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 for a transaction/event, select "No journal entry required" in the first account field. Do not round your intermediate calculations.) 2017 2019 2018 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. (X View transaction list View journal entry worksheet No Date General Journal Debit Credit Short-term investments-Trading (Ford) 1 Jan 20 20,925 Cash 20,925 2 Feb 09 Short-term investments-Trading (Lucent) 97,928 Cash 97,928 3 Oct 12 Short-term investments-Trading (Z-Seven) 5.825 Cash 5,825 Fair value adjustment-Trading (ST) 4 Dec 31 5,322 Unrealized gain-Income 5,322 2017 2018 2019 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 View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 Cash 22,915 Apr 15 Short-term investments-Trading (Ford) 20,925 Gain on sale of short-term investments 1,990 2 Jul 05 Cash 7,585 Short-term investments-Trading (Z-Seven) 5,825 Gain on sale of short-term investments 1,760 Short-term investments-Trading (Hunt) Jul 22 3 48,444 Cash 48,444 Short-term investments-Trading (D.Karan) 4 Aug 19 33,140 Cash 33,140 Unrealized loss-Income 5 Dec 31 24,834 Fair value adjustment-Trading (ST) 24,834 2018 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 View transaction list View journal entry worksheet .. . No Date General Journal Debit Credit 1 Feb 27 Short-term investments-Trading (HCA) 116,020 Cash 116,020 2 Mar 03 Cash 39,750 Loss on sale of short-term investments 8,694 Short-term investments-Trading (Hunt) 48,444 3 Jun 21 Cash 91.980 5,948 Loss on sale of short-term investments Short-term investments-Trading (Lucent) 97,928 Short-term investments-Trading (B&D) 4 Jun 30 57,595 Cash 57,595 5 Nov 01 Cash 32,541 Loss on sale of short-term investments 599 Short-term investments-Trading (D.Karan) 33,140 Fair value adjustment-Trading (ST) 6 Dec 31 Unrealized gain-Income

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