Problem 15-1A Recording transactions and fair value adjustments for trading securities L.O. P1 [The following information applies to the questions displayed below.] Ryder Company, which began operations in 2011, invests its idle cash in trading securities. The following transactions are from its short-term investments in its trading securities. 2011 Jan. 20 Purchased 900 shares of Ford Motor Co. at $26 per share plus a $125 commission. Feb. 9 Purchased 3,000 shares of Lucent at $38 per share plus a $190 commission. Oct. 12 Purchased 740 shares of Z-Seven at $7.60 per share plus a $95 commission. 2012 Apr. 15 Sold 900 shares of Ford Motor Co. at $30 per share less a $290 commission. July 5 Sold 740 shares of Z-Seven at $10.75 per share less a $95 commission. July 22 Purchased 1,800 shares of Hunt Corp. at $37 per share plus a $230 commission. Aug. 19 Purchased 1,800 shares of Donna Karan at $19 per share plus a $105 commission. 2013 Feb. 27 Purchased 3,800 shares of HCA at $39 per share plus a $440 commission. Mar. 3 Sold 1,800 shares of Hunt at $32 per share less a $130 commission. June 21 Sold 3,000 shares of Lucent at $35.75 per share less a $32 commission. June 30 Purchased 1,500 shares of Black & Decker at $47.50 per share plus a $595 commission. Nov. 1 Sold 1,800 shares of Donna Karan at $29.00 per share less a $124 commission.

1.

Prepare journal entries to record these short-term investment activities for the years shown. (Ignore any year-end adjusting entries.) (Input all amounts as positive values. Omit the "$" sign in your response.)

Problem 15-1A Part 2

2.	On December 31, 2013, prepare the adjusting entry to record any necessary fair value adjustment for the portfolio of trading securities when HCA