Help Save & Exit Sub Problem 15-3A Recording, adjusting, and reporting long-term available-for-sale securities LO (The following information applies to the questions displayed below P3 Grass Security, which began operations in 2017, invests in long-term available-for-sale securties. Following is a series of transactions and events determining its long-term investment activity 2017 Jan. 20 Purchased 1, 300 shares of 3ohnson & 3ohnson at $20.se per share plus a $270 commission. Feb. 9 Purchased 1,500 shares of Sony at $46.58 per share plus a $255 commission. June 12 Purchased 1,8e0 shares of Mattel at $27.30 per share plus a $225 commission. Dec. 31 Per share fair values for stocks in the portfolio are Johnson & Johnson, $21.80; Mattel, $31.28; and Sony, $38.30. 2018 Apr. 15 Sold 1,300 shares of Johnson & Johnson at $23.8e per share less a $555 commission. July 5 Sold 1,808 shares of Mattel at $24.28 per share less a $265 commission. July 22 Purchased 980 shares of Sara Lee at $22.80 per share plus a $510 commission. Aug. 19 Purchased 1,200 shares of Eastman Kodak at $17.38 per share plus a $228 commission. Dec. 31 Per share fair values for stocks in the portfolio are: Kodak, $19.55; Sara Lee, $20.30; and Sony, $35.38. 2019 Feb. 27 Purchased 2,7e0 shares of Microsoft at $67.30 per share plus a $555 commission. Dune 21 Sold 1,s00 shares of Sony at $48.30 per share less a(n) $910 commission. June 30 Purchased 1,780 shares of Black & Decker at $36.30 per share plus a $465 comnission. Aug. 3 Sold 980 shares of Sara Lee at $16.55 per share less a $465 commission. Nov. 1 Sold 1,280 shares of Eastman Kodak at $23.05 per share less a(n) $655 commission. Dec. 31 Per share fair values for stocks in the portfolio are: Black & Decker, $39.3e; and Hicrosoft, $69.38. Required information Required: 1. Prepare journal entries to record these transactions and events and any year-end fair value adjustments to the If no entry is required for a transaction/event, select "No journal entry required in the first account portfolio of long-term field. Do not round your intermediate calculations.) Complete this question by entering your answers in the tabs below. 2017 2018 2019 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 Journal entry worksheet Purchased 1,300 shares of Johnson & Johnson at $20.80 per share plus a $270 Next > arch