Check Exercise C-10 Transactions and fair value adjustments for stock investments with insignificant influence LO P4 Carlsville Company began operations in the current year and had no prior stock investments. The following transactions are from its short-term stock investments with insignificant influence. Prepare journal entries to record these transactions. On December 31, prepare the adjusting entry to record the fair value adjustment for the portfolio of stock investments. July 22 Purchased 1,600 shares of Hunt Corp. at $30 per share. Sept. 5 Received a $2 cash dividend for each share of mint Corp. Sept. 27 Purchased 3,400 shares of HCA at 334 per share. Oct. 3 sold 1,600 shares of Hunt at $25 per share. Oct. 30 Purchased 1,200 shares of Black & Decker at $50 por whare. Dec. 17 Received a $1 cash dividend for each share of Black & Decker Dec. 31 Tal value of the short-term stock investments is $180,000. nt rences View transaction list Journal entry worksheet 1 2 3 4 5 8 7 Purchased 1,600 shares of Hunt Corp. at $30 per share. Notter det before credits Date General Journal Debt Credit 22 Debt investments - AFS G C Prey 8 of 10 Next > Help Cot. 3 Sold 1.600 shares of Hunt at $25 per share. Oct. 30 Purchased 1,200 shares of Black & Decker at $50 per share. Dec. 17 Received a $3 cash dividend for each share of Black & Decker. Dec. 31 Fair value of the short-term stock investments is $180,000. View transaction line Journal entry worksheet 2 3 4 1 5 6 7 Purchased 1,600 shares of Hunt Corp. at $30 per share. Note: Cher debits before credits General Journal Dato Jul 22 Dobit Credit in Debt Investments - AFS Debt investments - HTM Debt investments - Trading Earnings from equity method investments Equity method investments Record View general Journal