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AKEEL & Brothers Company has the following securities in its portfolid of trading equity investments on December 31, 2018: Cost FV 4,000 ordinary shares of

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AKEEL & Brothers Company has the following securities in its portfolid of trading equity investments on December 31, 2018: Cost FV 4,000 ordinary shares of Kamel United $208,000 $215,000 12,000 ordinary shares of Hana 177,000 190.000 All of the investments had been purchased in 2018. In 2019, AKEEL completed the following investment transactions: March Sold 4,000 ordinary shares of Kamel United. At $54 less fees of $1,000. April 1 Bought 900 ordinary shares of Maria.Co, At $42 plus fees of $1200. AKEEL & Brothers Company portfolio of trading equity investments appeared as follows on December 31, 2019: Cost FV 10,000 ordinary shares of HANA $177,000 $195,500 900 ordinary shares of Maria.Co SxXXXXX 36000 Instructions Prepare the general journal entries for Korman Company for: (a) the 2018 adjusting entry (FV adjustment) the sale of the Kamel United, shares. the purchase of the Maria Co'shares. the 2019 adjushing entry. (FV adjustment)

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