Carlsville Company, which began operations in 2017, invests its idle cash in trading securities The following transactions are from its short term investments in trading securities 2017 Jan 20 Purchased 900 shares of Ford Motor Co at $27 per share plus a $130 commission Feb 9 Purchased 2,400 shares of Lucent at $39 per share plus a $200 commission Oct 12 Purchased 720 shares of Z Seven at $7 10 per share plus a $95 commission Dec 31 Fair value of the short term investments in trading securities is $128,900 2018 Apr 15 Sold 900 shares of Ford Motor Co at $30 per share less a $300 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 $33 per share plus a $230 commission Aug 19 Purchased 2,000 shares of Donna Karan at $44 00 per share plus a $105 commission Dec 31 Fair value of the short term investments in trading securities is $231,675 2019 Feb 27 Purchased 3,900 shares of HCA at $30 per share plus a $410 commission Mar 3 Sold 1,600 shares of Hunt at $28 per share less a $130 commission June 21 Sold 2,400 shares of Lucent at $36 75 per share less a $42 commission June 30 Purchased 1,400 shares of Black Decker at $47 50 per share plus a $600 commission Nov 1 Sold 2,000 shares of Donna Karan at $44 00 per share less a $124 commission Dec 31 Fair value of the short term investments in trading securities is $188,500 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 for a transaction event, select No journal entry required in the first account field Do not round your intermediate calculations ) 2017 2018 2019 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

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Carlsville Company, which began operations in 2017, invests its idle cash in trading securities. The following transactions are from its short-term investments in trading securities.

Carlsville Company, which began operations in 2017, invests its idle cash in trading securities. The following transactions are from its short-term investments in trading securities. 2017

Jan.	20	Purchased 900 shares of Ford Motor Co. at $27 per share plus a $130 commission.
Feb.	9	Purchased 2,400 shares of Lucent at $39 per share plus a $200 commission.
Oct.	12	Purchased 720 shares of Z-Seven at $7.10 per share plus a $95 commission.
Dec.	31	Fair value of the short-term investments in trading securities is $128,900.

2018

Apr.	15	Sold 900 shares of Ford Motor Co. at $30 per share less a $300 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 $33 per share plus a $230 commission.
Aug.	19	Purchased 2,000 shares of Donna Karan at $44.00 per share plus a $105 commission.
Dec.	31	Fair value of the short-term investments in trading securities is $231,675.

2019

Feb.	27	Purchased 3,900 shares of HCA at $30 per share plus a $410 commission.
Mar.	3	Sold 1,600 shares of Hunt at $28 per share less a $130 commission.
June	21	Sold 2,400 shares of Lucent at $36.75 per share less a $42 commission.
June	30	Purchased 1,400 shares of Black & Decker at $47.50 per share plus a $600 commission.
Nov.	1	Sold 2,000 shares of Donna Karan at $44.00 per share less a $124 commission.
Dec.	31	Fair value of the short-term investments in trading securities is $188,500.

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 for a transaction/event, select "No journal entry required" in the first account field. Do not round your intermediate calculations.)

2017
2018
2019

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.