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please do all 7 journal entries Carlsvile Company began operations in the current year and had no prior stock investments. The following transactions are from

please do all 7 journal entries image text in transcribed
Carlsvile Company began operations in the current year and had no prior stock investments. The following transactions are from its short-term stock investments with insignificant influence. Prepare journal entries to record these transactions. On December 31 , prepare the adjusting entry to record the fair value adjustment for the portfolio of stock investments. July 22 Purchased 1,600 shares of Hunt Corporation at $22 per share. September 5 Recelved a $2 cash dividend for each share of Hunt Corporation. September 27 Purchased 3,388 shares of HCA at $25 per share. October 3 Sold 1,600 shares of Hunt at $17 per share. October 30 Purchased 1,500 shares of Black \& Decker at 553 per share. Oecenber 17 Received a $3 cash dividend for each share of Black & Decker. Decenber 31 Fair value of the short-tern stock investments is $167, e0e. = Carlsvile Company began operations in the current year and had no prior stock investments. The following transactions are from its short-term stock investments with insignificant influence. Prepare journal entries to record these transactions. On December 31 , prepare the adjusting entry to record the fair value adjustment for the portfolio of stock investments. July 22 Purchased 1,600 shares of Hunt Corporation at $22 per share. September 5 Recelved a $2 cash dividend for each share of Hunt Corporation. September 27 Purchased 3,388 shares of HCA at $25 per share. October 3 Sold 1,600 shares of Hunt at $17 per share. October 30 Purchased 1,500 shares of Black \& Decker at 553 per share. Oecenber 17 Received a $3 cash dividend for each share of Black & Decker. Decenber 31 Fair value of the short-tern stock investments is $167, e0e. =

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