Hampton Developments Ltd (Hampton) had the following transactions pertaining to its investments which are accounted for under fair value through profit loss This is the first year Hampton has ever purchased investments 2019 Transaction Details Jan 1 Purchased 1,000 shares of Chapman Foods Ltd (Chapman)for $50,000 cash, plus brokerage fees of $550 Purchased 5,000 shares of Sinclair Manufacturing Ltd (Sinclair) for $75,000 June 1 Received cash dividends of $3 per share on the Chapman shares Sept 15 Sold 500 Chapman shares for $25,900 less brokerage fees of $100 Dec 31 The fair value of the shares of Chapman was $35 per share The fair value of the shares of Sinclair was $12 per share 2020 Feb 14 Sold 1,250 shares of Sinclair for net proceeds of $35,000 The selling commission rate on the shares was 1 75 Dec 31 The fair value of the shares of Chapman was $27 per share The fair value of the shares of Sinclair was $23 per share Required Prepare all the journal entries required for the above noted transactions for 2019 2020 Type or paste question here

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Question: Hampton Developments Ltd. (Hampton) had the following transactions pertaining to its investments which are accounted for under fair value through profit & loss. This is

Hampton Developments Ltd. (Hampton) had the following transactions pertaining to its investments which are accounted for under fair value through profit & loss. This is the first year Hampton has ever purchased investments.

2019	Transaction Details
Jan. 1	Purchased 1,000 shares of Chapman Foods Ltd. (Chapman)for $50,000 cash, plus brokerage fees of $550. Purchased 5,000 shares of Sinclair Manufacturing Ltd (Sinclair) for $75,000.
June 1	Received cash dividends of $3 per share on the Chapman shares.
Sept. 15	Sold 500 Chapman shares for $25,900 less brokerage fees of $100.
Dec. 31	The fair value of the shares of Chapman was $35 per share. The fair value of the shares of Sinclair was $12 per share.
2020
Feb 14	Sold 1,250 shares of Sinclair for net proceeds of $35,000. The selling commission rate on the shares was 1.75%.
Dec. 31	The fair value of the shares of Chapman was $27 per share. The fair value of the shares of Sinclair was $23 per share.

Required: Prepare all the journal entries required for the above noted transactions for 2019 & 2020

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