While reviewing the March 31, 2018, balance sheet of Business Solutions, Santana Rey notes that the business has built a large cash balance of S68,072 Its most recent bank money market statement shows that the funds are earning an annualized return of 075% Rey decides to make several investments with the desire to earn a higher return on the idle cash balance Accordingly, in April 2018 Business Solutions makes the following investments in trading securities 10 points Apr. 16 Purchases 5se shares of Johnson & Johnson stock at $47 per share plus a $330 commission. Apr. 30 Purchases 270 shares of Starbucks Corporation at $23 per share plus a $199 comission eBook Print On June 30, 2018, the per share market price (fair value) of the Johnson & Johnson shares is $52 and the Starbucks shares is $20 seterences Required: 1. Prepare journal entries to record the April purchases of trading securities by Business Solutions 2. On June 30, 2018, prepare the adjusting entry to record any necessary fair value adjustment to its portfolio of trading securities Complete this question by entering your answers in the tabs below Required 1 Required 2 Prepare journal entries to record the April purchases of trading securities by Business Solutions View transaction list Journal entry worksheet