Carlsville Company, which began....

Carlsville Company, which began operations in 2015, invests its idle cash in trading securities. The following transactions are from its short-term investments in trading securities. 2015 Jan. 20 Feb. 9 Purchased 800 shares of Ford Motor Co. at $27 per share plus a $125 commission. Purchased 3,000 shares of Lucent at $36 per share plus a $195 commission. Purchased 720 shares of Z-Seven at $8.10 per share plus a $100 commission. Fair value of the short-term investments in trading securities is $139,400. Oct. 12 Dec.31 2016 Apr. 15 Sold 800 shares of Ford Motor Co. at $31 per share less a $285 commission. July 5 Sold 720 shares of Z-Seven at $10.50 per share less a $95 commission. July 22 Purchased 1,600 shares of Hunt Corp. at $34 per share plus a $230 commission. Aug. 19 Purchased 1,700 shares of Donna Karan at $43.80 per share plus a $105 commission. Dec.31 Fair value of the short-term investments in trading securities is $233,740. 2017 Feb. 27 Purchased 3,800 shares of HCA at $37 per share plus a $430 commission. Mar. 3 Sold 1,600 shares of Hunt at $29 per share less a $125 commission. June21 Sold 3,000 shares of Lucent at $33.75 per share less a $37 commission. June 30 Purchased 1,300 shares of Black & Decker at $47.50 per share plus a $595 commission. Nov. 1 Sold 1,700 shares of Donna Karan at $43.80 per share less a $124 commission. Dec. 31 Fair value of the short-term investments in trading securities is $210,800. Required: Prepare journal entries to record these short-term investment activities for the years shown. On December 31 of each year, prepare the adjusting entry to record any necessary fair value adjustment for the portfolio of trading securities. (If no entry is required select No journal entry required in the first entry field. Do not round your intermediate calculations.) View transaction list Journal entry worksheet Purchased 800 shares of Ford Motor Co. at $27 per share plus a $125 commission. Note: Enter debits before credits. General Journal Debit Credit Date Jan 20 Record entry View general journal Clear entry