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 1,600 shares of Hunt Corporation at $30 per share.
September 5	Received a $2 cash dividend for each share of Hunt Corporation.
September 27	Purchased 3,400 shares of HCA at $34 per share.
October 3	Sold 1,600 shares of Hunt at $25 per share.
October 30	Purchased 1,200 shares of Black & Decker at $50 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 $180,000.

Please help with journal entries.