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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
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 adjusung entry to record the falr value adjustment for the portfolio of stock investments, July 22 Purchased 1,400 shares of Hunt Corp. at $26 per share. Sept S Received a $2 cash dividend for each share of Hunt Corp. Sept. 27 Purchased 3,200 shares of HCA at $29 per share. Oct. 3 Sold 1,400 shares of Hunt at $21 per share. Oct 32 Purchased 1,200 shares of Black & Decker at $54 per share. Dec 17 Received a $3 cash dividend for each share of Black & Decker Dec. 31 Fain value of the short-term stock investments is $162, Be. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 Purchased 1,400 shares of Hunt Corp. at 526 per share. Not Enter debit before credits DIE General Journal Debit Credit
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