Prepare the appropriate journal for the following transaction entry for each transaction or event. Use one summary entry 31 to adjust the portfolio of equity investment to fair value.

1. Record the purchase of 2 million shares of Millwork Ventures Company common stock for $55 million. 2. Record the receipt of semiannual interest of $2.1 million from the Kansas Abstractors bonds. 3. Record the purchase of 10% bonds of Holistic Entertainment Enterprises at their $18 million face value. 4. Record the entry to adjust to fair value the investment in Kansas Abstractor bonds on the date of sale. 5. Record the sale of the investment in Kansas Abstractors bonds. 6. Record the purchase of 12% bonds of Household Plastics Corporation at their $60 million face value. 7. Record the purchase of U.S. Treasury bonds for $5.7 million. 8. Record the purchase of 4 million common shares of NXS Corporation for $46 million. 9. Record the entry to adjust to fair value the investment in U.S. Treasury bonds on the date of sale. 10. Record the sale of the Treasury bonds for $5.8 million. 11. Record the receipt of cash dividends of $5 million from the Millwork Ventures Company common shares. 12. Record the accrued interest for Holistic Entertainment bonds. 13. Record the accrued interest for Household Plastics bonds. 14. Record the entry to adjust the securities to fair value. 15. Record the entry to adjust to fair value the investment in NXS Corporation common shares on the date of sale. 16. Record the sale of the NXS Corporation common shares for $45 million.