Carlsville Company began operations in the current year and had no prior stock investments. The following transactions are from its short-term stock investments with insignificant influence. Prepare journal entries to record these transactions. On December 31, prepare the adjusting entry to record the fair value adjustment for the portfolio of stock investments. July 22 Purchased 1,700 shares of Hunt Corporation at $24 per share. September 5 Received a $2 cash dividend for each share of Hunt Corporation. September 27 Purchased 3,500 shares of HCA at $22 per share. October 3 Sold 1,700 shares of Hunt at $19 per share. October 30 Purchased 1,100 shares of Black & Decker at $40 per share. December 17 Received a $3 cash dividend for each share of Black & Decker. December 31 Fair value of the short-term stock investments is $125,000. View transaction list Journal entry worksheet Purchased 1,700 shares of Hunt Corporation at $24 per share. Note: Enter debits before credits. Record entry Clear entry View general journal Carlsville Company began operations in the current year and had no prior stock investments. The following transactions are from its short-term stock investments with insignificant influence. Prepare journal entries to record these transactions. On December 31, prepare the adjusting entry to record the fair value adjustment for the portfolio of stock investments. July 22 Purchased 1,700 shares of Hunt Corporation at $24 per share. September 5 Received a $2 cash dividend for each share of Hunt Corporation. September 27 Purchased 3,500 shares of HCA at $22 per share. October 3 Sold 1,700 shares of Hunt at $19 per share. October 30 Purchased 1,100 shares of Black & Decker at $40 per share. December 17 Received a $3 cash dividend for each share of Black & Decker. December 31 Fair value of the short-term stock investments is $125,000. View transaction list Journal entry worksheet Received a $2 cash dividend for each share of Hunt Corporation. Note: Enter debits before credits. September 05 Record entry Clear entry View general journal Carlsville Company began operations in the current year and had no prior stock investments. The following transactions are from its short-term stock investments with insignificant influence. Prepare journal entries to record these transactions. On December 31, prepare the adjusting entry to record the fair value adjustment for the portfolio of stock investments. July 22 Purchased 1,700 shares of Hunt Corporation at $24 per share. September 5 Received a $2 cash dividend for each share of Hunt Corporation. September 27 Purchased 3,500 shares of HCA at $22 per share. October 3 Sold 1,700 shares of Hunt at $19 per share. October 30 Purchased 1,100 shares of Black 5 Decker at $40 per share. December 17 Received a $3 cash dividend for each share of Black & Decker. December 31 Fair value of the short-term stock investments is $125,000. View transaction list Journal entry worksheet Purchased 3,500 shares of HCA at $22 per share. Note: Enter debits before credits. September Record entry Clear entry View general journal Carlsville Company began operations in the current year and had no prior stock investments. The following transactions are from its short-term stock investments with insignificant influence. Preparejournal entries to record these transactions. On December 31, prepare the adjusting entry to record the fair value adjustment for the portfolio of stock investments. July 22 Purchased 1,700 shares of Hunt Corporation at $24 per share. September 5 Received a $2 cash dividend for each share of Hunt Corporation. September 27 Purchased 3,500 shares of HCA at $22 per share. October 3 Sold 1,700 shares of Hunt at $19 per share. October 30 Purchased 1,100 shares of Black & Decker at $40 per share. December 17 Received a $3 cash dividend for each share of Black & Decker. December 31 Fair value of the shortterm stock investments is $125,000. View transaction list Journal entry worksheet Sold 1,700 shares of Hunt at $19 per share. Note: Enter debits before credits. October 03 Record entry Clear entry View general journal Carlsville Company began operations in the current year and had no prior stock investments. The following transactions are from its short-term stock investments with insignificant influence. Prepare journal entries to record these transactions. On December 31, prepare the adjusting entry to record the fair value adjustment for the portfolio of stock investments. July 22 Purchased 1,700 shares of Hunt Corporation at $24 per share. September 5 Received a $2 cash dividend for each share of Hunt Corporation. September 27 Purchased 3,500 shares of HCA at $22 per share. October 3 Sold 1,700 shares of Hunt at $19 per share. October 30 Purchased 1,100 shares of Black & Decker at $40 per share. December 17 Received a $3 cash dividend for each share of Black & Decker. December 31 Fair value of the short-term stock investments is $125,000. View transaction list Journal entry worksheet Purchased 1,100 shares of Black 81 Decker at $40 per share. Note: Enter debits before credits. October 30 Record entry Clear entry View general journal Carlsville Company began operations in the current year and had no prior stock investments. The following transactions are from its short-term stock investments with insignificant influence. Preparejournal entries to record these transactions. On December 31, prepare the adjusting entry to record the fair value adjustment for the portfolio of stock investments. July 22 Purchased 1,700 shares of Hunt Corporation at $24 per share. September 5 Received a $2 cash dividend for each share of Hunt Corporation. September 27 Purchased 3,500 shares of HCA at $22 per share. October 3 Sold 1,700 shares of Hunt at $19 per share. October 30 Purchased 1,100 shares of Black & Decker at $40 per share. December 17 Received a $3 cash dividend for each share of Black & Decker. December 31 Fair value of the short-term stock investments is $125,000. View transaction list Journal entry worksheet Fair value of the short-term stock investments is $125,000. Record the year- end adjustment to fair value, if any. Note: Enter debits before credits. View general journal