ces GL1501 (Algo) - Based on Problem 15-4A LO P4 Haven Corporation had no short-term investments prior to this year. It had the following transactions this year involving short- term stock investments with insignificant influence. April 16 July 7 July 20 August 15 August 28 October 1 December 15 December 31 Purchased 5,000 shares of Kendall Company stock at $29 per share. Purchased 3,500 shares of OnPoint Company stock at $54 per share. Purchased 1,600 shares of Barcelona Company stock at $21 per share. Received an $1.20 per share cash dividend on the Kendall Company stock. Sold 3,000 shares of Kendall Company stock at $32 per share. Received a $4.80 per share cash dividend on the OnPoint Company shares. Received a $1.40 per share cash dividend on the remaining Kendall Company shares. Received a $4.20 per share cash dividend on the OnPoint Company shares. Requirement General Journal General Ledger Trial Balance Fair Value Adj Transaction Analysis Fin St Impact General Journal tab - Prepare the required journal entries for each of the transactions of Haven Corporation for the current year. Prepare the adjustment to fair value for the available-for-sale portfolio. General Ledger and Trial Balance tabs -The cost of each of the available-for-sale securities can be found on the General Ledger and/or Trial balance tabs. Fair Value Adjustment tab- Calculate the total cost and total fair value of the available-for-sale portfolio, and then use the 3-step adjusting entry process to calculate the amount of the year-end adjustment to fair value. Transaction Analysis tab - For each transaction, indicate the total impact on assets and equity. If equity changed, indicate whether the change was a component of income or a direct component of stockholders' equity. Financial Staterent Impact tab - Prove the accuracy of the totals on the Transaction Analysis tab by selecting the account titles that report the total change in income and equity. Requiraiment General Journal > Journal entry worksheet < 1 2 3 4 5 6 7 8 9 > Purchased 5,000 shares of Kendall Company stock at $29 per share. Note: Enter debits before credits. Date Apr 16 Account Title Debit Credit < 1 2 3 4 5 6 7 8 9 Purchased 3,500 shares of OnPoint Company stock at $54 per share. Note: Enter debits before credits. Date Jul 07 Account Title Debit Credit Journal entry worksheet < 1 2 3 4 5 6 7 8 9 Purchased 1,600 shares of Barcelona Company stock at $21 per share. Note: Enter debits before credits. Date Jul 20 Account Title Debit Credit > 1 2 3 4 5 9 7 8 6 Received an $1.20 per share cash dividend on the Kendall Company stock Note: Enter debits before credits. Date Aug 15 Account Title Debit Credit Clear entry View general journa try worksheet K 1 2 3 4 5 6 7 8 9 > Sold 3,000 shares of Kendall Company stock at $32 per share. Note: Enter debits before credits. Date Aug 28 Account Title Debit Credit Journal entry worksheet < 1 2 3 4 5 6 7 8 9 Received a $4.80 per share cash dividend on the OnPoint Company shares. Note: Enter debits before credits. Date Oct 01 Account Title Debit Credit Journal entry worksheet < 1 2 3 4 5 6 7 8 9 Received a $1.40 per share cash dividend on the remaining Kendall Company shares. Note: Enter debits before credits. Date Dec 15 Account Title Debit Credit Journal entry worksheet < 1 2 3 4 5 6 7 8 8 9 Received a $4.20 per share cash dividend on the OnPoint Company shares. Note: Enter debits before credits. Date Dec 31 Account Title Debit Credit Journal entry worksheet < 1 2 3 4 5 6 7 8 9 Using the information on the Fair Value adjustment tab, prepare an adjusting entry, if necessary, to record the year-end fair value adjustment for the portfolio of short-term investments in available-for-sale securities. Note: Enter debits before credits. Date Dec 31 Account Title Debit Credit