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please answer for 9&15 Problem 15-1A Recording transactions and fair value adjustments for trading securitie Carlsville Company, which began operations in 2015, invests its idle

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Problem 15-1A Recording transactions and fair value adjustments for trading securitie Carlsville Company, which began operations in 2015, invests its idle cash in trading securities. The following transactions are from its short-term investments in trading securities. 2015 Jan. 20 Purchased 800 shares of Ford Motor Co. at $28 per share plus a $120 commission Feb. 9 Purchased 2,700 shares of Lucent at $38 per share plus a $200 commission. Oct. 12 Purchased 780 shares of Z-Seven at $7.10 per share plus a $90 commission. Dec. 31 Fair value of the short-term investments in trading securities is $135,200 2016 Apr. 15 Sold 800 shares of Ford Motor Co. at $30 per share less a $300 commission. July 5 Sold 780 shares of Z-Seven at $10.75 per share less a $90 commission July 22 Purchased 2,000 shares of Hunt Corp. at $32 per share plus a $220 commission Aug. 19 Purchased 1,800 shares of Donna Karan at $43.00 per share plus a $110 commission. Dec. 31 Fair value of the short-term investments in trading securities is $239,060. 2017 Feb. 27 Purchased 3,900 shares of HCA at $37 per share plus a $440 commission. Mar. 3 Sold 2,000 shares of Hunt at $27 per share less a $125 commission June 21 Sold 2,700 shares of Lucent at $35.75 per share less a $42 commission. June 30 Purchased 1,200 shares of Black & Decker at $47.50 per share plus a $595 commission Nov. 1 Sold 1,800 shares of Donna Karan at $43.00 per share less a $129 commission Dec. 31 Fair value of the short-term investments in trading securities is $209,200. Required: Prepare journal entries to record these short-term investment activities for the years shown. On December of each year, prepare the adjusting entry to record any necessary fair value adjustment for the portfolio of trading secunties. (If no entry is required select No journal entry required in the first e not round your intermediate calculations View transaction list Journal entry worksheet 012 1315 9 13

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