GL1501 - Based on Problem 15-2A LO P3 Porter Corp. had no short-term investments prior to year 2017. It had the following transactions involving short-term investments available-for-sale securities during 2017 Apr 16 Purchased 6,500 shares of Kohler Co. stock at $29 per share plus a $650 brokerage fee May 1 Paid $200,000 to buy 3-month U.S. Treasury bills (debt securities): $200,000 principal amount, 8% interest July 7 Purchased 4,500 shares of JCW Co . stock at $54 per share plus a $900 brokerage fee. Aug. 1 Received a check for principal and accrued interest on the U.S. Treasury bills that matured on July 31. securities mature on July 31 20 Purchased 2,000 shares of Ontario Co. stock at $21 per share plus a $400 brokerage fee. 15 Received an $1.40 per share cash dividend on the Kohler Co. stock 28 Sold 3,900 shares of Kohler Co. stock at $32 per share less a $780 brokerage fee Oct. 1 Received a $4.40 per share cash dividend on the JCW Co. shares. Dec. 15 Received a 1.70 per share cash dividend on the remaining Kohler Co. shares 31 Received a $3.80 per share cash dividend on the JCW Co shares. Answer is not complete General Journal General Transaction Requirement Trial Balance Fair Value Adj Ledger AnalysisFin St Imm Prepare journal entries to record each of the transactions and events for 2017. Prepare the year-end adjustment to fair value, if any Credit Date Account Title Debit Short-term investments AFS (Kohler) 189,150 189,150 as Cash Oct 01 Dividend revenue Dec 15 Cash Dividend revenue 10 Dec 31 Cash Dividend revenue Cash Dec 31 Dividend revenue