Zeus Investments Inc. is a regional investment company that began operations on January 1, Year 1. The following transactions relate to trading securities ac Year 1 Feb. 14. Purchased 2,500 shares of Apollo Inc, as a trading security at $42 per share plus a brokerage commission of $500. Apr. 1. Purchased 1,200 shares of Ares Inc. as a trading security at $17 per share plus a brokerage commission of $240. June 1. Sold 600 shares of Apollo Inc. for $43 per share less an $80 brokerage commission. June 27 Received an annual dividend of $0.11 per share on Apollo Inc. stock. Dec. 31. The portfolio of trading securities was adjusted to fair values of $46 and $18 per share for Apollo Inc. and Ares Inc., respectively. Yr 2 Mar. 14. Purchased 1,100 shares of Athena Inc. as a trading security at 549 per share plus a $165 brokerage commission. June 26. Received an annual dividend of $0.14 per share on Apollo Inc. stock. July 30. Sold 200 shares of Athena Inc. for $43 per share less a $60 brokerage commission. Dec. 31. The portfolio of trading securities had a cost of $145,055 and a fair value of $141,500, requiring a credit balance in Valuation Allowance for Trading Investments of $3,555 ($145,055 - $141,500). Thus, the debit balance from December 31, Year 1 is to be adjusted to the new balance. Required: 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 com Date Description Debit Credit Year 1 Feb. 14 Investments Apollo Inc. 105,500 Cahy 105,500 investments 20,640 Cash 20.640 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 computa Dost Year 1 Feb. 14 Investments Apollo Inc. 105,500 Cash 105,500 Apr 1 Investments-Ares Inc. 20,640 Cash 20,640 June 1 Cash Gain on Sale of Tnvestments 25,720 Investments-Apollo Inc. June 27 Cash 209 het O more Check My Work uses remaining o >> Dividere 209 Dec. 31 Valuation Allowance for Trading Investments