BB Company has the following securities in its portfolio of equity securities on December 31, 2017: Cost Fair Value 15,000 shares of Mercury Corp., Common $260,250 $271,625 6,000 shares of OMC, Common 64,000 58,600 $324,250 $330,225 All of the common stock securities had been purchased in 2017.

In 2018, BB company completed the following securities transactions:

May 21 Sold 6,000 shares of Mercury Corporation Common @ $19 less fees of $10 April 1 Bought 975 shares of Anchor Away Common @ $79 plus fees of $10 The BB Company portfolio of equity securities appeared as follows on

December 31, 2018: Cost Fair Value 9,000 shares of Mercury Corp Common $156,150 $191,800 975 shares of Anchor Away Common 77,035. 98,140 6,000 shares of OMC, Common. 64,000 81,400 $297,185. $371,340 Prepare the general journal entries for BB Company for: (a) the 2017 adjusting entry. (b) the sale of the Mercury stock. (c) the purchase of the Anchor Away stock. (d) the 2018 adjusting entry.