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Here is Blossom Companys portfolio of long-term stock investments at December 31, 2018, the end of its first year of operations. Cost 1,350 shares of

Here is Blossom Companys portfolio of long-term stock investments at December 31, 2018, the end of its first year of operations.

Cost

1,350 shares of Batone Inc. common stock $71,010
1,100 shares of Mendez Corporation common stock 73,700
760 shares of P. Tillman Corporation preferred stock 32,680
On December 31, the total cost of the portfolio equaled the total fair value. Blossom had the following transactions related to the securities during 2019.
Jan. 20 Sold 1,350 shares of Batone Inc. common stock at $56 per share.
28 Purchased 410 shares of $10 par value common stock of P. Wahl Corporation at $85 per share.
30 Received a cash dividend of $1.18 per share on Mendez Corporation common stock.
Feb. 8 Received cash dividends of $0.40 per share on P. Tillman Corporation preferred stock.
18 Sold all 760 shares of P. Tillman preferred stock at $33 per share.
July 30 Received a cash dividend of $1.00 per share on Mendez Corporation common stock.
Sept. 6 Purchased an additional 650 shares of the $10 par value common stock of P. Wahl Corporation at $87 per share.
Dec. 1 Received a cash dividend of $1.50 per share on P. Wahl Corporation common stock.
At December 31, 2019, the fair values of the securities were:
Mendez Corporation common stock $62 per share
P. Wahl Corporation common stock $84 per share
Blossom uses separate account titles for each investment, such as Investment in Mendez Corporation Common Stock.
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Prepare journal entries to record the transactions.

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