On December 31, 2022 PT. Peanut has several securities stashed away as a long-term investment. These securities were not purchased to give away influence or control an investee. On December 31, 2022, the total fair value of these securities will be the same at its cost. In 2023, the following transactions occurred: Mar. 1 Received $1.80 per share cash dividend on PT shares. O'clock. Jun. 1 Selling 1,500 ordinary shares of PT. Butter in cash at $15 per share. Jul. 1 Selling 800 ordinary shares of PT. Hours in cash at $9 per share. Sept. 1 Received $2.40 per share cash dividend on PT shares. Berries. Dec. 15 Received $1.80 per share cash dividend on PT shares. O'clock. 31 Received $1 per share cash dividend on PT shares. Butter. On December 31, 2023, the fair value per ordinary share is: PT. Hours $13, PT. Butter $10, PT. Berries $14. Instructions a. Prepare a transaction journal for 2023. b. Prepare an adjusting entry on December 31, 2023 to reflect the securities worth its fair value. Classify these shares as non-trading securities. C. Prepare an adjusting entry on December 31, 2024 to reflect the securities worth its fair value assuming that during 2024 there will be no buying/selling of shares and the total fair value as a whole is $120,500.

\begin{tabular}{|c|c|c|} \hline Ordinary Shares & Shares & Cost \\ \hline PT. Jam & 3,600 & $43,200 \\ \hline PT. Butter & 4,400 & 57,200 \\ \hline PT. Berry & 4,100 & 41,000 \\ \hline \end{tabular}