Using the following categories, indicate the effects (direction and amount) of the transactions referenced in MD-5. Use + for increase and − for decrease.

Data From MD-5:

Using the data in MD-3, assume that Princeton Company purchased the voting stock of Cox Corporation for its portfolio of available-for-sale securities instead of its trading securities portfolio. Give the journal entries for each of the transactions listed.

Data From MD-3:

Princeton Company acquired some of the 50,000 outstanding shares of the common stock of Cox Corporation as trading securities. The accounting period for both companies ends December 31. Give the journal entries for each of the following transactions:

July    2     Purchased 8,000 shares of Cox common stock at $28 per share.
Dec. 15     Cox Corporation declared and paid a cash dividend of $2 per share.
         31     Determined the fair value of Cox stock to be $29 per share.