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Prepare journal entries to record these short-term investment activities for the years shown. (Ignore any year-end adjusting entries.) (Do not round your intermediate calculations.) [The
Prepare journal entries to record these short-term investment activities for the years shown. (Ignore any year-end adjusting entries.) (Do not round your intermediate calculations.)
[The following information applies to the questions displayed below.,] Carlsville Company, which began operations in 2013, invests its idle cash in trading securities. The following transactions are from its short-term investments in its trading securities. 2013 Jan. 20 Feb. 9 Oct. 12 Purchased 1,000 shares of Ford Motor Co. at $26 per share plus a $125 commission. Purchased 2,300 shares of Lucent at $32 per share plus a $195 commission. Purchased 780 shares of Z-Seven at $8.10 per share plus a $95 commission. 2014 Apr. 15 July 5 July 22 Aug. 19 Sold 1,000 shares of Ford Motor Co. at $29 per share less a $295 commission. Sold 780 shares of Z-Seven at $10.50 per share less a $95 commission. Purchased 1,600 shares of Hunt Corp. at $40 per share plus a $225 commission. Purchased 1,600 shares of Donna Karan at $49.80 per share plus a $100 commission. 2015 Feb. 27 Mar. 3 June 21 June 30 Nov. 1 Purchased 3,900 shares of HCA at $37 per share plus a $410 commission. Sold 1,600 shares of Hunt at $35 per share less a $125 commission Sold 2,300 shares of Lucent at $29.75 per share less a $37 commission. Purchased 1,500 shares of Black & Decker at $47.50 per share plus a $595 commission Sold 1,600 shares of Donna Karan at $49.80 per share less a $119 commissionStep by Step Solution
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