GL1501 (Algo) - Based on Problem 15-4A LO P4

Fields Corporation had no short-term investments prior to this year. It had the following transactions this year involving short-term stock investments with insignificant influence.

Requirement

General Journal

General Ledger

Trial Balance

Fair Value Adj

Transaction Analysis

Fin St Impact

April 16	Purchased 6,000 shares of Porter Company stock at $28 per share.
July 7	Purchased 4,500 shares of Dade Company stock at $53 per share.
July 20	Purchased 2,000 shares of Eco Company stock at $20 per share.
August 15	Received an $1.40 per share cash dividend on the Porter Company stock.
August 28	Sold 3,600 shares of Porter Company stock at $31 per share.
October 1	Received a $4.50 per share cash dividend on the Dade Company shares.
December 15	Received a $1.70 per share cash dividend on the remaining Porter Company shares.
December 31	Received a $3.90 per share cash dividend on the Dade Company shares.