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Clarity Corporation had the following transactions involving investments in trading securities during the year. Prior to these transactions, Clarity had never had any investments in

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Clarity Corporation had the following transactions involving investments in trading securities during the year. Prior to these transactions, Clarity had never had any investments in trading securities. Prepare the required general journal entries to record these transactions Fcb. 16 Feb. 26 Mar. 2 Purchased 800 shares of GN Corporation stock at S28 per share plus a S400 brokerage fee. Purchased 500 shares of Honeyville Co. stock at $19 per share plus a $300 Mar. 28 Sold 200 shares of GN Corporation stock for S31 per share less a S150 Apr. 20 Sold 150 shares of Honcyville Co stock at $17 per share less a S100 brokerage Apr. 30 The company is preparing quarterly financial statements; prepare an adjusting Received a So.95 per share dividend from the GN Corporation. brokerage fee. fee. entry for the fair value adjustment on the trading securities. At April 30, the GN stock has valuc of S16 per share a fair value of S30 per share, and the Honcyville stock, has a fair

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