During certain periods, Nicks Company invests its excess cash in marketable securities until it is

\(20 \mathrm{xl}\)
Apr. 15 Purchased 10,000 shares of Goodrich Paper at 40 per share and 5,000 shares of Keuron Power Company at 30 per share.
June 2 Received dividends of 2.00 per share from Goodrich Paper and 1.50 per share from Keuron Power.
June 30 Made year-end adjusting entry for marketable securities. Market price of Goodrich Paper shares is 32 per share; market price of Keuron Power is 35 per share.
Nov. 14 Sold all the shares of Goodrich Paper for 42 per share.
\(20 \times 2\)
Feb. 15 Purchased 9,000 shares of Beacon Communications for 50 per share.
June 1 Received dividends of 2.20 per share from Keuron Power.
30 Made year-end adjusting entry for marketable securities. Market price of Keuron Power shares is 33 per share; market price of Beacon Communications is 60 per share.
REQUIRED 1. Prepare journal entries to record these transactions assuming that Nicks Company's accounting year ends on June 30 2. Show the balance sheet presentation of current investments on June \(30,20 \times 2\).