Daniels Consulting invest its temporary excess cash in a brokerage account.On November 3, 2017, Daniels purchased 350 shares of Mauve Co., common stock for $15 per share.On December 31, 2017, Mauve's common stock was trading at $10 per share.Assume Daniels records the stock as a trading investment.

Requirements:

1. Journalize the acquisition of Mauve stock on November 3, 2017.

2. Journalize any entries, if required, at December 31, 2017 related to the investment (is there an unrealized holding gain/loss?)