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AG He mework-REQUIRED Exercise 15-10 Transactions and fair value adjustments for stock investments with insignificant...

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AG He mework-REQUIRED Exercise 15-10 Transactions and fair value adjustments for stock investments with insignificant influence LO P4 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 Corp. at $30 per share. Sept. 5 Received a $2 cash dividend for each share of Hunt Corp. Sept. 27 Purchased 3,480 shares of HCA at $34 per share Oct. 3 Sold 1,600 shares of Hont at $25 per share. Oct. 30 Purchased 1,200 shares of Black & Decker at $50 per share. bec. 17 Received a 53 cash dividend for each share of Black & Decker. Dec. 31 Fair value of the short-term stock investments is $180,00 Me G HAM MOCEAN . SO 135 00 DD F A # 3 $ 4 % 5 & 7 2 . 00 6 9 O W E 20 T Y O S D F G H J K L

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