Fox company made the folowing transactions in the common stock of NOP Company.
July 10, 2013 Purchased 10,000 hsares at $45 share
Sept 29, 2014 Sold 2,000 shares for $51 share
Aug 17, 2015 Sold 2,500 shares for $33 share
The end of year market prices for the shares were as follows:
Dec 31, 2013 $47 share
Dec 31, 2014 $39 share
Dec 31, 2015 $31 share
Instructions: Prepare the necessary entries for 2013, 2014 and 2015, assuming that NOP stock is classified as a trading security.