prepare the journal entries required to record the purchase of the securities the re 577783

CIB, Inc., purchased the following securities during 2003:

During 2003, CIB received interest of $700 and dividends of $300 on its investments. On September 29, 2003, CIB sold one half of Security 1 for $800. On December 31, 2003, the portfolio of securities had the following fair market values:

CIB had no balance in its market adjustment accounts at the beginning of the year. Prepare the journal entries required to record the purchase of the securities, the receipt of interest and dividends, the sale of securities, and the adjustments required at year end.