Question: GL1501 (Algo) - Based on Problem 15-4A LO P4 Twist Corporation had no short-term investments prior to this year. It had the following transactions

GL1501 (Algo) - Based on Problem 15-4A LO P4 Twist Corporation had no short-term investments prior to this year. It had the following transactions

GL1501 (Algo) - Based on Problem 15-4A LO P4 Twist Corporation had no short-term investments prior to this year. It had the following transactions this year involving short-term stock investments with insignificant influence. April 16 Purchased 5,000 shares of Lafayette Company stock at $26 per share. Purchased 3,500 shares of CVF Company stock at $51 per share. July 7 July 20 August 15 August 28 October 1 Purchased 1,600 shares of Green Company stock at $18 per share. Received an $1.20 per share cash dividend on the Lafayette Company stock. Sold 3,000 shares of Lafayette Company stock at $29 per share. Received a $3.30 per share cash dividend on the CVF Company shares. December 15 Received a $1.40 per share cash dividend on the remaining Lafayette Company shares. December 31 Received a $2.70 per share cash dividend on the CVF Company shares. Requirement General Journal General Ledger Trial Balance Fair Value Adj Transaction Analysis Fin St Impact Prepare journal entries to record each of the transactions and events. Prepare the year-end adjustment to fair value, if any. View transaction list

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