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 $1,500$ shares of Hunt Corporation at $$21$ per share.

September $5$ Received a $$2$ cash dividend for each share of Hunt Corporation.

September $27$ Purchased $3,200$ shares of HCA at $$25$ per share.

October $3$ Sold $1,500$ shares of Hunt at $$16$ per share.

october $30$ Purchased $1,100$ shares of Black & Decker at $$59$ 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 $$148,000=$

Journal entry worksheet

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Purchased $1,500$ shares of Hunt Corporation at $$21$ per share.

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 $1,500$ shares of Hunt Corporation at $$21$ per share.

September $5$ Received a $$2$ cash dividend for each share of Hunt Corporation.

September $27$ Purchased $3,200$ shares of HCA at $$25$ per share.

october $3$ Sold $1,500$ shares of Hunt at $$16$ per share.

October $30$ Purchased $1,100$ shares of Black & Decker at $$59$ 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 $$148,000=$

$$ View journal entry worksheet

$\backslash$table$[[,$No$,$Date,General Journal$],[$@${?}^{},1,$July $22,$No Transaction Recorded$],[,,,]]$