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 $120 commission.
Feb.		9		Purchased 2,500 shares of Lucent at $38 per share plus a $190 commission.
Oct.		12		Purchased 720 shares of Z-Seven at $8.10 per share plus a $100 commission.
Dec.		31		Fair value of the short-term investments in trading securities is $130,100.

2018

Apr.		15		Sold 900 shares of Ford Motor Co. at $30 per share less a $295 commission.
July		5		Sold 720 shares of Z-Seven at $11.00 per share less a $95 commission.
July		22		Purchased 1,800 shares of Hunt Corp. at $32 per share plus a $225 commission.
Aug.		19		Purchased 1,900 shares of Donna Karan at $42.00 per share plus a $100 commission.
Dec.		31		Fair value of the short-term investments in trading securities is $228,745.

2019

Feb.		27		Purchased 3,800 shares of HCA at $39 per share plus a $440 commission.
Mar.		3		Sold 1,800 shares of Hunt at $27 per share less a $125 commission.
June		21		Sold 2,500 shares of Lucent at $35.75 per share less a $32 commission.
June		30		Purchased 1,300 shares of Black & Decker at $47.50 per share plus a $595 commission.
Nov.		1		Sold 1,900 shares of Donna Karan at $42.00 per share less a $119 commission.
Dec.		31		Fair value of the short-term investments in trading securities is $217,700.

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.)

No	Date	General Journal	Debit	Credit
1	Jan 20	Short-term investmentsTrading (Ford)	24,420
		Cash		24,420
2	Feb 09	Short-term investmentsTrading (Lucent)	95,190
		Cash		95,190
3	Oct 12	Short-term investmentsTrading (Z-Seven)	5,932
		Cash		5,932
4	Dec 31	Fair value adjustmentTrading (ST)	4,558
		Unrealized gainIncome		4,558

No	Date	General Journal	Debit	Credit
1	Apr 15	Cash	26,705
		Short-term investmentsTrading (Ford)		24,420
		Gain on sale of short-term investments		2,285
2	Jul 05	Cash	7,825
		Short-term investmentsTrading (Z-Seven)		5,932
		Gain on sale of short-term investments		1,893
3	Jul 22	Short-term investmentsTrading (Hunt)	57,825
		Cash		57,825
4	Aug 19	Short-term investmentsTrading (D.Karan)	79,900
		Cash		79,900
5	Dec 31	Unrealized lossIncome	4,170
		Fair value adjustmentTrading (ST)		4,170

No	Date	General Journal	Debit	Credit
1	Feb 27	Short-term investmentsTrading (HCA)	148,640
		Cash		148,640
2	Mar 03	Cash	48,475
		Loss on sale of short-term investments
		Short-term investmentsTrading (Hunt)
3	Jun 21	Cash
		Loss on sale of short-term investments
		Short-term investmentsTrading (Lucent)
4	Jun 30	Short-term investmentsTrading (B&D)
		Cash
5	Nov 01	Cash
		Loss on sale of short-term investments
		Short-term investmentsTrading (D.Karan)
6	Dec 31	Fair value adjustmentTrading (ST)
		Unrealized gainIncome