Carlsville Company began operations in the current year and had no prior stock investments. The following transactions a

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Carlsville Company Began Operations In The Current Year And Had No Prior Stock Investments The Following Transactions A 1 (41.26 KiB) Viewed 16 times

Carlsville Company Began Operations In The Current Year And Had No Prior Stock Investments The Following Transactions A 2 (34 KiB) Viewed 16 times

Carlsville Company Began Operations In The Current Year And Had No Prior Stock Investments The Following Transactions A 3 (31.37 KiB) Viewed 16 times

Carlsville Company Began Operations In The Current Year And Had No Prior Stock Investments The Following Transactions A 4 (43.72 KiB) Viewed 16 times

Carlsville Company Began Operations In The Current Year And Had No Prior Stock Investments The Following Transactions A 5 (42 KiB) Viewed 16 times

Carlsville Company Began Operations In The Current Year And Had No Prior Stock Investments The Following Transactions A 6 (35.27 KiB) Viewed 16 times

Carlsville Company Began Operations In The Current Year And Had No Prior Stock Investments The Following Transactions A 7 (35.98 KiB) Viewed 16 times

Carlsville Company began operations in the current year and had no prior stock investments. The following transactions are from its short-term stock investments with insignificant influence. Prepare journal entries to record these transactions. On December 31, prepare the adjusting entry to record the fair value adjustment for the portfolio of stock investments. July 22 Purchased 1,600 shares of Hunt Corporation at $20 per share. September 5 Received a $2 cash dividend for each share of Hunt Corporation. September 27 Purchased 3,500 shares of BCA at $24 per share. October 3 Sold 1,600 shares of Hunt at $15 per share. October 30 Purchased 1,300 shares of Black & Decker at $48 per share. December 17 Received a $3 cash dividend for each share of Black & Decker. December 31 Fair value of the short-term stock investments is $151,000. View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 Purchased 1,600 shares of Hunt Corporation at $20 per share. Note: Enter debits before credits. Date General Journal Debit July 22 Credit
Journal entry worksheet < 1 [6 3 4 5 6 7 Received a $2 cash dividend for each share of Hunt Corporation. Note: Enter debits before credits. Date General Journal Debit September 05 Clear entry Record entry Credit View general journal
Journal entry worksheet < 1 2 Purchased 3,500 shares of HCA at $24 per share. Note: Enter debits before credits. Date General Journal September 27 Clear entry Record entry 4 5 6 7 Debit Credit View general journal >
Journal entry worksheet < 1 1 2 3 Sold 1,600 shares of Hunt at $15 per share. Note: Enter debits before credits. Date General Journal October 03 Clear entry Record entry 5 6 7 Debit Credit View general
Journal entry worksheet < 1 2 3 4 6 7 Purchased 1,300 shares of Black & Decker at $48 per share. Note: Enter debits before credits. General Journal Debit Date October 30 Clear entry Record entry Credit View general journal
View transaction list Journal entry worksheet 1 2 3 4 5 7 Received a $3 cash dividend for each share of Black & Decker. Note: Enter debits before credits. Date General Journal Debit December 17 Clear entry Record entry D Credit View general journal
Journal entry worksheet < 1 2 3 4 5 6 ↓ Fair value of the short-term stock investments is $151,000. Record the year- end adjustment to fair value, if any. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Clear entry View general journal Record entry