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 1

Feb. 14. Purchased 3,300 shares of Apollo Inc. as a trading security at $42 per share plus a brokerage commission of $660.

Apr. 1. Purchased 1,600 shares of Ares Inc. as a trading security at $17 per share plus a brokerage commission of $320.

June 1. Sold 800 shares of Apollo Inc. for $43 per share less an $100 brokerage commission.

June 27. Received an annual dividend of $0.12 per share on Apollo Inc. stock.

Dec. 31. The portfolio of trading securities was adjusted to The price that would be received for selling an asset or paying off a liability, often the market price for an equity or debt security.fair values of $46 and $18 per share for Apollo Inc. and Ares Inc., respectively.

Year 2

Mar. 14. Purchased 1,500 shares of Athena Inc. as a trading security at $49 per share plus a $225 brokerage commission.

June 26. Received an annual dividend of $0.15 per share on Apollo Inc. stock.

July 30. Sold 300 shares of Athena Inc. for $43 per share less a $90 brokerage commission.

Dec. 31. The portfolio of trading securities had a cost of $192,000 and a fair value of $187,200, requiring a credit balance in Valuation Allowance for Trading Investments of $4,800 ($192,000 - $187,200). 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 computations, round per share amounts to two decimal places