QUESTION 22 Mire Corporation had the following transactions involving investments in trading securities during the year. Prior to these transactions, Mire had never had any investments in trading securities. Prepare the required general journal entries to record these Feb. 16 Purchased 800 shares of HM Corporation stock at $28 per share plus a Feb. 26 Purchased 500 shares of Sugarland Co. stock at $19 per share plus a $300 $400 brokerage fee. Mar 2 brok Mar 2 Received a $0.95 per share dividend from the HM Corporation. Mar. 28 Sold 200 shares of HM Corporation stock for $31 per share less a $150 brokerage fee. Sold 150 shares of Sugarland Co. stock at $17 per share less a $100 Apr. 20 brokerage fee Apr. 30 The company is preparing quarterly financial statements; prepare an adjusting entry for the fair value adjustment on the trading securities. At April 30, the HM stock has a fair value of $30 per share, and the Sugarland stock has a fair value of $16 per share. For the toolbar, press ALT-F10 (PC) or ALT+FN F10 (Mac. Words 0 Cick Sqve and Subenit to save and suboit Cliok Save All Ansers to sove oll sers Save All Answers 6 8 9 0 0