Pulaski Mining Corporation occasionally acquires short-term investments for trading purposes. On August 1, 20X7, Pulaski acquired stock investments in four different companies: Aztec Zinc (cost of \($125\),000), Morton Construction (cost of \($75\),000), Particle Drilling (cost of \($80\),000), and Astraview Navigation (cost of \($20\),000).

The company's stock broker emailed the following listing of investment values at the end of August, September, and October. These data were imported into a spreadsheet as follows. You are to prepare the journal entries needed to record the initial investment in this portfolio, as well as end of month adjusting entries for August, September, and October. The electronic spreadsheet on the website includes a pivot table that will aid your compilation of data necessary to solve this problem. It is found immediately after the data on the excel spreadsheet version of the problem.

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Spreadsheet fx A B 23 2 Company Month C. Market Value 3 4 Aztec Zinc August $130,000 5 Aztec Zinc September 145,000 6 Aztec Zinc October 142,000 7 Morton Construction August 70,000 Morton Construction September 61,000 9 Morton Construction October 58,000 10 Particle Drilling August 89,000 11 Particle Drilling September 109,000 12 Particle Drilling October 101,000 13 Astraview Navigation August 20,000 14 Astraview Navigation September 22,000 15 Astraview Navigation October 16,000 16 17 18 PIVOT TABLE Company 19 20 Sum of Market Value 2222 21 22 23 24 Month August Grand Total Astraview Navigation Total 20000 20000