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Stock Investment Transactions, Trading Securities Zeus investments Inc. is a regional investment company that began operations on January 1. Year 1. The following transactions relate

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Stock Investment Transactions, Trading Securities Zeus investments Inc. is a regional investment company that began operations on January 1. Year 1. The following transactions relate to trading securities acquired by Zeus Investments Inc, which has a fiscal year ending on December 31 Year Feb 14 Purchased 1,500 shares of Apollo Inc. as a trading security at 943 per share plus a brokerage commission of $160. Apr 1. Purchased 900 shares of Ares Inc as a trading security at $17 per share plus a brokerage commission of $180 June 1 Sold 400 shares of Apollo Inc. for $44 per share less an $50 brokerage commission, June 27 Received an annual dividend of $0.13 per share on Apollo Inc. stock Dec. 31 The portfolio of trading securities was adjusted to four values of $47 and $18 per shume for Apollo Inc. and Meetne respectively Year 2 Mai 14 Purchased to shares of Ather Inc. an a trading security at $50 per star plus a $920 brokerage common June 26. Received an annual dividend of $0.16 per share on Apollo Inc. stock July Sold 100 shares of Athena Inc. for $44 pershanelessa $30 brokerage commesson Dec 1 The portfolio of trading secunties had a cost of $111.065 and a fair value of 5108,100, requing a credit balance Valuation Allowance for Trading Investments of 52.765 ($111,065-5104,100). Thus, the debt balance from December 31, Yent 1 ts to be adjusted to the new balance 1. Journalize the entries to record these transactions for a compound transaction, if an amount box does not require an entry, leave it blank. In your computations, round per amounts to two decimal places. When required, round final answers to the nearest della Description Debit Credit Date Year! Feb 14 Investments Apollo in Casts inment nee Cau 1 Gin un Sale of met Investments Apollo in June 2 Cash Dec. 31 Valuation Allowance for Trading Investments Unrealized Gain on Trading Investments Year 2 Mar. 14 Investments-Athena Inc Cash June 26 Cash Dividend Revenue July 30 Loss on Sale of Investments Investments Athena Inc. Dec. 31 Unrealized Gain on Trading Investments X Valuation Allowance for Trading Investments X

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