Q3. Acadia had no investments prior to the current year. It had the following transactions involving available-for-sale and held-to-maturity securities during the year. The stock purchases are considered short-term available-for-sale securities. Prepare journal entries to record the transactions and events associated with the investment purchases.

Apr. 18	Purchased 5,000 shares of Ace Co. stock at $26.50 per share plus a $350 brokerage fee.
May01	Purchased $200,000 of Sams 7%, two-year bonds payable at par value. Interest payments are paid semiannually on November 1 and May 1. It is the companys intent to hold the bonds until maturity.
Jun. 10	Purchased 4,000 shares of ParCo stock at $48.25 plus a $325 brokerage fee.
Nov. 01	Received a check for the first semiannual interest payment on the Sams bonds.
Nov. 15	Received a $0.65 per share cash dividend on the Ace Co. shares.
Nov. 30	Sold 2,000 shares of Ace Co. stock at $29 less a $300 brokerage fee.
Dec. 15	Received a $1.10 per share cash dividend on the ParCo shares.
Dec. 20	Received a $.075 per share cash dividend on the remaining Ace Co. shares.
Dec. 31	Prepare an adjusting entry to record the fair value adjustment on the available-for-sale securities. At December 31, the Ace Co. stock has a fair value of $28 per share, and the ParCo stock has a fair value of $49.50 per share.