Grass Security, which began operations in 2017, invests in long-term available-for-sale securities. Following is a series of transactions and events determining its long-term investment activity. 2017

Jan.		20		Purchased 2,100 shares of Johnson & Johnson at $21.60 per share plus a $350 commission.
Feb.		9		Purchased 2,300 shares of Sony at $47.30 per share plus a $335 commission.
June		12		Purchased 2,600 shares of Mattel at $28.10 per share plus a $305 commission.
Dec.		31		Per share fair values for stocks in the portfolio are Johnson & Johnson, $22.60; Mattel, $32.00; and Sony, $39.10.

2018

Apr.		15		Sold 2,100 shares of Johnson & Johnson at $24.60 per share less a $635 commission.
July		5		Sold 2,600 shares of Mattel at $25.00 per share less a $345 commission.
July		22		Purchased 1,700 shares of Sara Lee at $23.60 per share plus a $590 commission.
Aug.		19		Purchased 2,000 shares of Eastman Kodak at $18.10 per share plus a $308 commission.
Dec.		31		Per share fair values for stocks in the portfolio are: Kodak, $20.35; Sara Lee, $21.10; and Sony, $36.10.

2019

Feb.		27		Purchased 3,500 shares of Microsoft at $68.10 per share plus a $635 commission.
June		21		Sold 2,300 shares of Sony at $49.10 per share less a(n) $990 commission.
June		30		Purchased 2,500 shares of Black & Decker at $37.10 per share plus a $545 commission.
Aug.		3		Sold 1,700 shares of Sara Lee at $17.35 per share less a $545 commission.
Nov.		1		Sold 2,000 shares of Eastman Kodak at $23.85 per share less a(n) $735 commission.
Dec.		31		Per share fair values for stocks in the portfolio are: Black & Decker, $40.10; and Microsoft, $70.10.

Problem 15-3A Part 1

Required: 1. Prepare journal entries to record these transactions and events and any year-end fair value adjustments to the portfolio of long-term available-for-sale securities. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round your intermediate calculations.)