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Question: stock investment transactions trading securities zeus investments inc is a...

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Stock Investment Transactions, Trading Securities Zeus Investments Inc. is a regional investment company that began operations on January 1, 2016. The following transactions relate to trading securities acquired by Zeus Investments Inc., which has a fiscal year ending on December 31: 2016 Feb. 14. Apr. 1. June 1. June 27. Purchased 4,800 shares of Apollo Inc, as a trading security at $26 per share plus a brokerage commission of $192. Purchased 2,300 shares of Ares Inc. as a trading security at $19 per share plus a brokerage commission of $92. Sold 600 shares of Apollo Inc. for $32 per share less a $100 brokerage commission. Recelved an annual dividend of $0.20 per share on Apollo Inc. stock. The portfolio of trading securities was adjusted to fair values of $33 and $18.50 per share for Apollo Inc. and Ares Inc., respectively. Dec. 31 2017 Mar. 14. Purchased 1,200 shares of Athena Inc. as a trading security at $65 per share plus a $120 brokerage commission. hune 26. Received an annual dividend of $0.21 per share on Apollo inc. stock. Duly 30. Sold 480 shares of Athena Inc. for s60 per share less a sso brokerage commission. The portfolio of trading securities had a cost of $200,032 and a fair value of $188,000, requiring a credit balance in Dec. 31. Valuation Allowance for Trading Investments of $12,032 ($200,032 $188,000). Thus, the debit balance from December 31, 2016, is to be adjusted to the new balance Required: 1. Journalize the entries to record these transactions. For a compound transaction, if an amount box does not require an entry, leave it blank or enter 0. In your computations, round per share amounts to two decimal places.
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