You asked: "Protom Company, which began operations in2009, invest its idle cash in trading securities. The following transactions are from its...

You asked:"Protom Company, which began operations in2009, invest its idle cash in trading securities. The following transactions are from its short-term investments in its trading securities.2009Jan. 20 Purchased 800 shares of Ford Motor Co. at $26 per share plus a $120 commission.Feb. 09 Purchased 2,600 shares of Lucent at $39 per share plus a $578 commission.Oct. 12 Purchased 800 shares of Z-Seven at $7.50 per share plus a $200 commission.2010Apr. 15 Sold 800 shares of Ford Motor Co. at $30 per share less $300 commission.July 5 Sold 800 shares of Z-Seven at $11 per share less a $103 commission.July 22 Purchased 2,000 shares of Hunt Corp. at $39 per share plus a $444 commission.Aug 19 Purchased 1,600 shares of Donna Karan at $19.50 per share plus a $290 commission.2011Feb. 27 Purchased 3,500 shares of HCA at $31 per share plus a $420 commission.Mar. 03 Sold 2,000 shares of Hunt at $35 per share less a $250 commission.June 21 Sold 2,600 shares of Lucent at $36.75 per share less a $420 commission.June 30 Purchased 1,300 share of Black & Decker at 47.50 per share plus a $595 commission.Nov. 01 Sold 1,600 shares of Donna Karen at $19.50 per share less a $309 commission.Required1. Prepare journal entries to record these short-term investment activities for the years shown. (ignore any year-end adjusting entries)2. On December 31, 2011, prepare the adjusting entry to record any necessary market adjustment for the portfolio of trading securities when HCA’s share price is $33 and Black & Decker’s share price is $43.50. (Assume the market Adjustment—Trading account had an unadjusted balance of zero.)Pease do the attachment provided, Thank You