QUESTION 26 London Company had the following transactions pertaining to its short-term stock investments in 2019. Jan. 1 Purchased 4,000 shares of Aaron Company stock for $201,100 cash. June 1 Received cash dividends of $3.50 per share on the Aaron Company stock. Sept. 15 Sold 2,000 shares of the Aaron Company stock for $102,600. Dec. 31 The fair values of the securities totaled $106,000. Prepare the adjusting entry to report the portfolio at fair value. Instructions a. Journalize the transactions for each date. b. How would this investment be disclosed on the December 31, 2019, Balance Sheet and at what amount? Hint: In what section would it appear on the Balance Sheet and how would it be shown? Prepare your answers to this question on a sheet of paper to be included in scanned answers. TTT Arial 3 (12pt) TE E - . 's Path:p Words:0