Hi I need help with some accounting homework. I do not want the answers, I need to know how to…

Hi I need help with some accounting homework. I do not want the answers, I need to know how to get the answers. Thanks.

  

Carlsville Company, which began operations in

2013

, invests its idle cash in trading securities. The following transactions are from its short-term investments in its trading securities.

    

  

2013 

20 

12 

Jan. Purchased 800 shares of Ford Motor Co. at $26 per share plus a $125 commission.
Feb. Purchased 2,200 shares of Lucent at $44.25 per share plus a $578 commission.
Oct. Purchased 750 shares of Z-Seven at $7.50 per share plus a $200 commission.

    

 

15 

July22 

19 

2014
Apr. Sold 800 shares of Ford Motor Co. at $29 per share less a $285 commission.
July Sold 750 shares of Z-Seven at $10.25 per share less a $102.50 commission.
Purchased 1,600 shares of Hunt Corp. at $30 per share plus a $444 commission.
Aug. Purchased 1,800 shares of Donna Karan at $18.25 per share plus a $290 commission.

      

 

Feb.27 

21 

June30 

1

2015
Purchased 3,400 shares of HCA at $34 per share plus a $420 commission.
Mar. Sold 1,600 shares of Hunt at $25 per share less a $250 commission.
June Sold 2,200 shares of Lucent at $42 per share less a $420 commission.
Purchased 1,200 shares of Black & Decker at $47.50 per share plus a $595 commission.
Nov.  Required:1.Prepare journal entries to record these short-term investment activities for the years shown. (Ignore any year-end adjusting entries.)

Sold 1,800 shares of Donna Karan at $18.25 per share less a $309 commission.

 

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