JAG Manufacturing Company produces and sells one main product. There is significant seasonality in demand, and the unit price is quite high. As a result, during the heavy selling season, JAG generates cash that is idle for a few months. The company uses this cash to acquire investments. The following transactions relate to JAG’s investments during 2012:

Mar. 15 Purchased 1,200 shares of Gates Corporation stock at $25 per share, plus brokerage fees of $815. This stock is classified as trading.

Apr. 1 Purchased $45,000 of 10% bonds of Micro Company. This investment is classified as available-for-sale.

June 3 Received a cash dividend of $1.50 per share on the Gates stock.

Oct. 1 Received a semiannual interest payment of $2,250 on the Micro bonds.

10 Sold 480 shares of the Gates stock at $32 per share less a $500 brokerage fee.

Dec. 31 Recorded $1,125 of interest earned on the Micro bonds for the period October 1, 2012, through December 31, 2012.

31 The market price of the Gates stock was $21 per share; the market price of the Micro bonds (excluding consideration of the interest receivable on the bonds) was $43,000.

Required:

Prepare journal entries to record these transactions.