Question: Grass Security, which began operations in 2013. Invests in long-term available for sale securities. Following is a series of transactions and events determining its long-term

Grass Security, which began operations in 2013. Invests in long-term available for sale securities. Following is a series of transactions and events determining its long-term investment activity 2013 Jan 20 Purchased 1.000 shares of Johnson & Johnson at $2050 per share plus a $240 commission Feb 9 Purchased 1.200 shares of Sony at $46 20 per share plus $225 commission. June 12 Purchased 1.500 shares of Mattel at $2700 per share plus an $195 commission. Dec 31 Per share fair values for stocks in the portfolio are Johnson & Johnson $21.50: Mattel $3090 Sony, $38. 2014 Apr 15 sold 1000 shares of Johnson & Johnson at $23.50 per share less a $525 commission July 5 sold 1.500 shares of Mattel at per share less a $235 commission. July 22 Purchased 600 shares of sara Lee at $22.50 per share plus a $480 commission Aug 19 Purchased 900 shares of Eastman Kodak at $17 per share plus a $198 commission Dec. 31 Per share fair values for stocks in the portfolio are Kodak, $19.25 sara Lee, $2000 Sony $35.00 2015 Feb. 27 Purchased 2.400 shares of Microsoft at $67.00 per share a plus a $525 commission. June 21 sold 1200 shares of Sony at $48.00 per share less a $880 commission. June 30 Purchased 1.400 shares of Black & Decker at $3600 per share plus a $435 commission Aug. 3 Sold 600 shares of Sara Lee at $16.25 per share less a $435 commission Nov 1 Sold 900 shares of Eastman Kodak at $2275 per share less a $625 commission. Dec 31 Per shore far values for stocks in the portfolio are Black & Decker $39.00 Microsoft $69.00. prepare journal entries to record these transactions and events and any year-end fair value adjustments to the portfolio of long-term securities Grass Security, which began operations in 2013. Invests in long-term available for sale securities. Following is a series of transactions and events determining its long-term investment activity 2013 Jan 20 Purchased 1.000 shares of Johnson & Johnson at $2050 per share plus a $240 commission Feb 9 Purchased 1.200 shares of Sony at $46 20 per share plus $225 commission. June 12 Purchased 1.500 shares of Mattel at $2700 per share plus an $195 commission. Dec 31 Per share fair values for stocks in the portfolio are Johnson & Johnson $21.50: Mattel $3090 Sony, $38. 2014 Apr 15 sold 1000 shares of Johnson & Johnson at $23.50 per share less a $525 commission July 5 sold 1.500 shares of Mattel at per share less a $235 commission. July 22 Purchased 600 shares of sara Lee at $22.50 per share plus a $480 commission Aug 19 Purchased 900 shares of Eastman Kodak at $17 per share plus a $198 commission Dec. 31 Per share fair values for stocks in the portfolio are Kodak, $19.25 sara Lee, $2000 Sony $35.00 2015 Feb. 27 Purchased 2.400 shares of Microsoft at $67.00 per share a plus a $525 commission. June 21 sold 1200 shares of Sony at $48.00 per share less a $880 commission. June 30 Purchased 1.400 shares of Black & Decker at $3600 per share plus a $435 commission Aug. 3 Sold 600 shares of Sara Lee at $16.25 per share less a $435 commission Nov 1 Sold 900 shares of Eastman Kodak at $2275 per share less a $625 commission. Dec 31 Per shore far values for stocks in the portfolio are Black & Decker $39.00 Microsoft $69.00. prepare journal entries to record these transactions and events and any year-end fair value adjustments to the portfolio of long-term securities

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