Exercise $15-12($Algo$)$ Transactions and fair value adjustments for stock investments with insint influence LO P$4$

Carlsville Company began operations in the current year and had no prior stock investments. The following transactions short$-$term stock investments with insignificant influence. Prepare journal entries to record these transactions. On Decer prepare the adjusting entry to record the fair value adjustment for the portfolio of stock investments.

July $22$ Purchased $1,300$ shares of Hunt Corporation at $$28$ per share.

September $5$ Received a $$2$ cash dividend for each share of Hunt Corporation.

September $27$ Purchased $3,500$ shares of HCA at $$20$ per share.

$0$ctober $3$ Sold $1,300$ shares of Hunt at $$23$ per share.

october $30$ Purchased $1,500$ shares of Black & Decker at $$53$ per share.

December $17$ Received a $$3$ cash dividend for each share of Black & Decker.

December $31$ Fair value of the short$-$term stock investments is $$153,000=$

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