Required information The following information applies to the questions displayed below Grass Security, which began operations in 2017, invests in long term available for sale securities Following is a series of transactions and events determining its long term investment activity 2017 Jan 20 Purchased 2,900 shares of Johnson Johnson at $22 40 per share plus a $430 commission Feb 9 Purchased 3,100 shares of Sony at $48 10 per share plus a $415 commission June 12 Purchased 3,400 shares of Mattel at $28 90 per share plus a $385 commission Dec 31 Per share fair values for stocks in the portfolio are Johnson Johnson, $23 40 Mattel, $32 80 and Sony, $39 90 2018 Apr 15 Sold 2,900 shares of Johnson Johnson at $25 40 per share less a $715 commission July 5 Sold 3,400 shares of Mattel at $25 80 per share less a $425 commission July 22 Purchased 2,500 shares of Sara Lee at $24 40 per share plus a $670 commission Aug 19 Purchased 2,800 shares of Eastman Kodak at $18 90 per share plus a $388 commission Dec 31 Per share fair values for stocks in the portfolio are Kodak, $21 15 Sara Lee, $21 90 and Sony, $36 90 2019 Feb 27 Purchased 4,300 shares of Microsoft at $68 90 per share plus a $715 commission June 21 Sold 3,100 shares of Sony at $49 90 per share less a(n) $1,070 commission June 30 Purchased 3,300 shares of Black Decker at $37 90 per share plus a $625 commission Aug 3 Sold 2,500 shares of Sara Lee at $18 15 per share less a $625 commission Nov 1 Sold 2,800 shares of Eastman Kodak at $24 65 per share less a(n) $815 commission Dec 31 Per share fair values for stocks in the portfolio are Black Decker, $40 90 and Microsoft, $70 90 Required 1 Prepare journal entries to record these transactions and events and any year end fair value adjustments to the portfolio of long term available for sale securities (If no entry is required for a transaction event, select No journal entry required in the first account field Do not round your intermediate calculations )

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Required information [The following information applies to the questions displayed below.] Grass Security, which began operations in 2017, invests in long-term available-for-sale securities. Following is

Required information

[The following information applies to the questions displayed below.] Grass Security, which began operations in 2017, invests in long-term available-for-sale securities. Following is a series of transactions and events determining its long-term investment activity. 2017

Jan.	20	Purchased 2,900 shares of Johnson & Johnson at $22.40 per share plus a $430 commission.
Feb.	9	Purchased 3,100 shares of Sony at $48.10 per share plus a $415 commission.
June	12	Purchased 3,400 shares of Mattel at $28.90 per share plus a $385 commission.
Dec.	31	Per share fair values for stocks in the portfolio are Johnson & Johnson, $23.40; Mattel, $32.80; and Sony, $39.90.

2018

Apr.	15	Sold 2,900 shares of Johnson & Johnson at $25.40 per share less a $715 commission.
July	5	Sold 3,400 shares of Mattel at $25.80 per share less a $425 commission.
July	22	Purchased 2,500 shares of Sara Lee at $24.40 per share plus a $670 commission.
Aug.	19	Purchased 2,800 shares of Eastman Kodak at $18.90 per share plus a $388 commission.
Dec.	31	Per share fair values for stocks in the portfolio are: Kodak, $21.15; Sara Lee, $21.90; and Sony, $36.90.

2019

Feb.	27	Purchased 4,300 shares of Microsoft at $68.90 per share plus a $715 commission.
June	21	Sold 3,100 shares of Sony at $49.90 per share less a(n) $1,070 commission.
June	30	Purchased 3,300 shares of Black & Decker at $37.90 per share plus a $625 commission.
Aug.	3	Sold 2,500 shares of Sara Lee at $18.15 per share less a $625 commission.
Nov.	1	Sold 2,800 shares of Eastman Kodak at $24.65 per share less a(n) $815 commission.
Dec.	31	Per share fair values for stocks in the portfolio are: Black & Decker, $40.90; and Microsoft, $70.90.

Required: 1. Prepare journal entries to record these transactions and events and any year-end fair value adjustments to the portfolio of long-term available-for-sale securities. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round your intermediate calculations.)