Ch While reviewing the March 31, 2018, balance sheet of Business Solutions, Santana Rey notes that the business has built a large cash balance of $68,063 its most recent bank money market statement shows that the funds are earning an annualized return of 075% S Rey decides to make several investments with the desire to earn a higher return on the idle cash balance. Accordingly, in April 2018, Business Solutions makes the following investments in trading securities nts Apr. 16 Purchases 540 shares of Johnson & Johnson stock at $48 per share plus a $35e commission. Apr. 36 Purchases 250 shares of Starbucks Corporation at $21 per share plus a $289 commission. eBook Print On June 30, 2018, the per share market price (fair value) of the Johnson & Johnson shares is $53 and the Starbucks shares is $18 eferences Required: 1. Prepare journal entries to record the April purchases of trading securities by Business Solutions. 2. On June 30, 2018, prepare the adjusting entry to record any necessary fair value adjustment to its portfolio of trading securities Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries to record the April purchases of trading securities by Business Solutions. View transaction list View journal entry worksheet Prey 1 of 2 Next>