Grass Security, which began operations in 2017, invests in long term available for sale securities Following is a series of transactions and events determining its long term investment activity 2017 Jan 20 Purchased 1,100 shares of Johnson Johnson at $20 60 per share plus a $250 commission Feb 9 Purchased 1,300 shares of Sony at $46 30 per share plus a $235 commission June 12 Purchased 1,600 shares of Mattel at $27 10 per share plus a $205 commission Dec 31 Per share fair values for stocks in the portfolio are Johnson Johnson, $21 60 Mattel, $31 00 and Sony, $38 10 2018 Apr 15 Sold 1,100 shares of Johnson Johnson at $23 60 per share less a $535 commission July 5 Sold 1,600 shares of Mattel at $24 00 per share less a $245 commission July 22 Purchased 700 shares of Sara Lee at $22 60 per share plus a $490 commission Aug 19 Purchased 1,000 shares of Eastman Kodak at $17 10 per share plus a $208 commission Dec 31 Per share fair values for stocks in the portfolio are Kodak, $19 35 Sara Lee, $20 10 and Sony, $35 10 2019 Feb 27 Purchased 2,500 shares of Microsoft at $67 10 per share plus a $535 commission June 21 Sold 1,300 shares of Sony at $48 10 per share less a(n) $890 commission June 30 Purchased 1,500 shares of Black Decker at $36 10 per share plus a $445 commission Aug 3 Sold 700 shares of Sara Lee at $16 35 per share less a $445 commission Nov 1 Sold 1,000 shares of Eastman Kodak at $22 85 per share less a(n) $635 commission Dec 31 Per share fair values for stocks in the portfolio are Black Decker, $39 10 and Microsoft, $69 10 Prepare journal entries to record these transactions and events and any year end fair value adjustments to the portfolio of long term available for sale securities (If no entry is required for a transaction event, select No journal entry required in the first account field Do not round your intermediate calculations )

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Question: Grass Security, which began operations in 2017, invests in long-term available-for-sale securities. Following is a series of transactions and events determining its long-term investment activity.

Grass Security, which began operations in 2017, invests in long-term available-for-sale securities. Following is a series of transactions and events determining its long-term investment activity. 2017

Jan.	20	Purchased 1,100 shares of Johnson & Johnson at $20.60 per share plus a $250 commission.
Feb.	9	Purchased 1,300 shares of Sony at $46.30 per share plus a $235 commission.
June	12	Purchased 1,600 shares of Mattel at $27.10 per share plus a $205 commission.
Dec.	31	Per share fair values for stocks in the portfolio are Johnson & Johnson, $21.60; Mattel, $31.00; and Sony, $38.10.

2018

Apr.	15	Sold 1,100 shares of Johnson & Johnson at $23.60 per share less a $535 commission.
July	5	Sold 1,600 shares of Mattel at $24.00 per share less a $245 commission.
July	22	Purchased 700 shares of Sara Lee at $22.60 per share plus a $490 commission.
Aug.	19	Purchased 1,000 shares of Eastman Kodak at $17.10 per share plus a $208 commission.
Dec.	31	Per share fair values for stocks in the portfolio are: Kodak, $19.35; Sara Lee, $20.10; and Sony, $35.10.

2019

Feb.	27	Purchased 2,500 shares of Microsoft at $67.10 per share plus a $535 commission.
June	21	Sold 1,300 shares of Sony at $48.10 per share less a(n) $890 commission.
June	30	Purchased 1,500 shares of Black & Decker at $36.10 per share plus a $445 commission.
Aug.	3	Sold 700 shares of Sara Lee at $16.35 per share less a $445 commission.
Nov.	1	Sold 1,000 shares of Eastman Kodak at $22.85 per share less a(n) $635 commission.
Dec.	31	Per share fair values for stocks in the portfolio are: Black & Decker, $39.10; and Microsoft, $69.10.

Prepare journal entries to record these transactions and events and any year-end fair value adjustments to the portfolio of long-term available-for-sale securities. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round your intermediate calculations.)

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