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 stocks 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
	Answer	Answer
	Answer	Answer
To record purchase of stock.
	Answer	Answer
	Answer	Answer
To record change in fair value of stocks.
Cash	Answer	Answer
	Answer	Answer
	Answer	Answer
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 stocks 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
	Answer	Answer
	Answer	Answer
To record purchase of stock.
	Answer	Answer
	Answer	Answer
To record change in fair value of stock.
Cash	Answer	Answer
	Answer	Answer
	Answer	Answer
To record sale of stock.
	Answer	Answer
	Answer	Answer
To record realized gain/loss on invesetments.