Seattle Today Publishers completed the following investment transactions during 2018 and 2019:

2018
Dec.	6		Purchased 1,500shares of Lovely stock at a price of $ 38.00 pershare, intending to sell the investment next month.Seattle did not have significant influence over Lovely.
	23		Received a cash dividend of $ 1.50 per share on the Lovely stock.
	31		Adjusted the investment to its market value of $ 29.00 per share.
2019
Jan.	27		Sold theLovely stock for $29.70 per share.

Requirements

1.	Journalize Seattle Today's investment transactions. Explanations are not required.
2.	On December 31,2018 how would the Lovely stock be classified and at what value would it be reported on the balance sheet?

Dec. 6, 2018: Purchased 1,500shares of Lovely stock at a price of $ 38.00 per share, intending to sell the investment next month. Seattle did not have significant influence over Lovely.

Date			Accounts	Debit	Credit
2018
Dec. 6

AND,

On January1,2018,Staub,Inc. decides to invest in 9,100 shares of Chestnut stock when the stock is selling for $ 18 per share. On August1,2018,Chestnut paid a $0.40per share cash dividend to stockholders. On December 31, 2018,Chestnut reports net income of $80,000for 2018. Assume Chestnut has 26,000 shares of voting stock outstanding during 2018 and Staub has significant influence over Chestnut.

Read the requirements

1.	Identify what type of investment the Chestnut stock is for Staub.
2.	Journalize the transactions related to Staub investment in the Chestnut stock during2018.
3.	In what category and at what value would Staub report the investment on the December 31, 2018 balance sheet?

Staub investment would be

a controlling interest a held-to-maturity a no significant influence a significant influence an available-for-sale investment.