Hartford Today Publishers completed the following trading investment transactions during 2018 and 2019:
2018
Dec. 6 Purchased 1,100 shares of Golden stock at a price of $24.00 per share, intending to sell the investment next month.
23 Received a cash dividend of $1.60 per share on the Fully stock.
31 Adjusted the investment to its market value of $11.00 per share.
2019
Jan. 27 Sold the Golden stock for $21.10 per share.
Requirements
1. Journalize Hartford Today’s investment transactions. Explanations are not required.
2. On December 31, 2018, how would the Fully stock be classified and at what value would it be reported on the balance sheet?

Answer rating: 100% (QA)

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