Amalgamated General Corporation is a consulting firm that alsooffers financial services through its credit division. From time totime the company buys and sells securities. The following selectedtransactions relate to Amalgamated’s investment activities duringthe last quarter of 2018 and the first month of 2019. The onlysecurities held by Amalgamated at October 1 were $55 million of 10%bonds of Kansas Abstractors, Inc., purchased on May 1 at face valueand held in Amalgamated’s trading portfolio. The company’s fiscalyear ends on December 31.

2018
Oct.		18		Purchased 2 million preferred shares of Millwork VenturesCompany for $62 million.
		31		Received semiannual interest of $2.2 million from the KansasAbstractors bonds.
Nov.		1		Purchased 10% bonds of Holistic Entertainment Enterprises attheir $36 million face value, to be held until they mature in 2025.Semiannual interest is payable April 30 and October 31.
		1		Sold the Kansas Abstractors bonds for $48 million becauserising interest rates are expected to cause their fair value tocontinue to fall. No unrealized gains and losses had been recordedon these bonds previously.
Dec.		1		Purchased 12% bonds of Household Plastics Corporation at their$80 million face value, to be held until they mature in 2028.Semiannual interest is payable May 31 and November 30.
		20		Purchased U. S. Treasury bonds for $6.1 million as tradingsecurities, hoping to earn profits on short-term differences inprices.
		21		Purchased 4 million common shares of NXS Corporation for $54million, planning to earn profits from dividends or gains ifprevailing market conditions encourage sale.
		23		Sold the Treasury bonds for $6.6 million.
		29		Received cash dividends of $3 million from the MillworkVentures Company preferred shares.
		31		Recorded any necessary adjusting entry(s) and closing entriesrelating to the investments. The market price of the MillworkVentures Company preferred stock was $29.00 per share and $15.50per share for the NXS Corporation common. The fair values of thebond investments were $61.2 million for Household PlasticsCorporation and $17.2 million for Holistic EntertainmentEnterprises.

2019
Jan.		7		Sold the NXS Corporation common shares for $49 million.

Required:
Prepare the appropriate journal entry for each transaction orevent.