Journal entries to record investment transactions A hospital purchased 100 shares of stock on June 30, 2019, for $3,100, using its unrestricted resources. On December 31, 2019, the date of its financial statements, the stock's fair value was $3,200. On November 30, 2019, the hospital sold the stock for $2,800. Assuming it is a governmental hospital, prepare journal entries to record all the transactions and events related to this investment. Description Debit Credit To record purchase of stock. To record change in fair value of stocks. Cash To record sale of stock. A hospital purchased 100 shares of stock on June 30, 2019, for $3,100, using its unrestricted resources. On December 31, 2019, the date of its financial statements, the stock's fair value was $3,200. On November 30, 2019, the hospital sold the stock for $2,800. Assuming it is a nonprofit hospital, prepare journal entries to record all the transactions and events related to this investment. Description Debit Credit To record purchase of stock. To record change in fair value of stock. Cash To record sale of stock. To record realized gain/loss on invesetments. Cash Investment valuation account Investments Revenues-net realized/unrealized gains (losses) on investments Unrestricted revenue- realized gain on investments Unrestricted revenue- realized loss on investments Unrestricted revenue-change in net unrealized gains (losses) on investments