Fair Value Journal Entries, Available-for-Sale Investments

Hurricane Inc. purchased a portfolio of available-for-sale securities in 2014, its first year of operations. The cost and fair value of this portfolio on December 31, 2014, was as follows:

On June 12, 2015, Hurricane purchased 1,450 shares of Rogue Wave Inc. at $45 per share plus a $100 brokerage fee. Provide the journal entries to record the following: The adjustment of the available-for-sale security portfolio to fair value on December 31, 2014. The June 12, 2015, purchase of Rogue Wave Inc. stock