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. Juty 22 Purchased 1,200 shares of Hunt Corporation at $24 per share. September $ Received a $2 cash dividend for each share of Hunt Corporation. September 27 Purchased 3,460 shares of HCA at $30 per share. October 3 Sold 1,200 shares of Hunt at $19 per share. october 30 Purchased 1,460 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 $176,000.= Journal entry worksheet 234567 Purchased 1,200 shares of Hunt Corporation at $24 per share. Notes Enter debits before credits