S 15-4 Recording trading securities LO P1 Prepa re Hertog Company's journal entries to reflect the following transactions for the current year May 7 Purchases 320 shares of Kraft stock as a short-term investment in trading securities at a cost of $62 per share plus $420 in broker fees. e 6 Sells 320 shares of its investment in Kraft stock at $68 per share. The broker's commission on this sale is $210