Johnny Appleseed Company conducted a variety of investment activity during the current year. They have provided you with the following information related to this activity:

Date	Description
January 1( Beginning balance: No entry required)	Johnny Appleseed is currently holding 8,500 shares of Golden Mountain, Inc. common shares in its available-for-sale portfolio. These shares cost $20/share. There is a $17,000 debit balance in the Fair Value Adjustment account.
January 25	Johnny Appleseed purchased 1,700 shares of Smith Company common stock for $155/share and it is holding these shares for trading purposes.
February 8	Johnny Appleseed purchased 136,000 of the 340,000 shares of Mohawk Enterprises, Inc. for a total cost of $1,020,000.
March 15	Golden Mountain, Inc. paid a $3.40/share dividend.
June 30	Mohawk Enterprises, Inc. reported $1,850,000 in net income for the year as well as declared and paid a cash dividend of $2.55/share.
October 1	Johnny Appleseed purchased 340 bonds of Grappa Group at $1,000 par and intends to hold these bonds until maturity.
December 31	There was $42,500 accrued interest on the Grappa Group bonds.
December 31	The year-end market values of the Golden Mountain, Inc. and Smith Company shares are $30.60 and $170/share, respectively. The Grappa Group bonds were trading at $1,700 at the end of the current period. The Mohawk Enterprises, Inc shares were trading at $10/share.

Johnny Appleseed Company conducted a variety of investment activity during the current year. REQUIREMENTS:

Prepare all the journal entries necessary to record Johnny Appleseeds investment transactions for the year.