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- Here is Sheridan Company's portfolio of long - term stock investments at December 3 1 , 2 0 2 1 , the end of

-Here is Sheridan Company's portfolio of long-term stock investments at December 31,2021, the end of its first year of operations.
On December 31, the total cost of the portfolio equaled the total fair value. Sheridan had the following transactions related to the
securities during 2022.
Jan. 20 Sold 1,500 shares of Batone Inc. common stock at $50 per share.
28 Purchased 430 shares of $10 par value common stock of P. Wahl Corporation at $74 per share.
30 Received a cash dividend of $1.14 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 780 shares of P. Tillman preferred stock at $34 per share.
July 30 Received a cash dividend of $1.10 per share on Mendez Corporation common stock.
Sept. 6 Purchased an additional 570 shares of the $10 par value common stock of P. Wahl Corporation at $82 per share.
Dec. 1 Received a cash dividend of $1.40 per share on P. Wahl Corporation common stock.
At December 31,2022, the fair values of the securities were:
Mendez Corporation common stock
$69 per share
P. Wahl Corporation common stock
$73 per share
Sheridan uses separate account titles for each investment, such as Investment in Mendez Corporation Common Stock.
(a)
Prepare journal entries to record the transactions. (Record journal entries in the order presented in the problem. Credit account titles
are automatically indented when the amount is
entered.Do not indent manually. If no entry is required, select "No Entry" for the account
titles and enter 0 for the amounts.)
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