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 1,300 shares of Hunt Corp. at $29 per share.
Sept.		5		Received a $2 cash dividend for each share of Hunt Corp.
Sept.		27		Purchased 3,400 shares of HCA at $20 per share.
Oct.		3		Sold 1,300 shares of Hunt at $24 per share.
Oct.		30		Purchased 1,200 shares of Black & Decker at $52 per share.
Dec.		17		Received a $3 cash dividend for each share of Black & Decker.
Dec.		31		Fair value of the short-term stock investments is $135,000.

Prepare journal entries for the following:

a. Purchased 1,300 shares of Hunt Corp. at $29 per share.

b. Received a $2 cash dividend for each share of Hunt Corp.

c. Purchased 3,400 shares of HCA at $20 per share.

d. Sold 1,300 shares of Hunt at $24 per share.

e. Purchased 1,200 shares of Black & Decker at $52 per share.

f. Received a $3 cash dividend for each share of Black & Decker.

g. Fair value of the short-term stock investments in $135,000. Record the year-end adjustment to fair value, if any.