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Blue Company has the following securities in its portfolio on December 3 1 , 2 0 2 5 . None of these investments are accounted

Blue Company has the following securities in its portfolio on December 31,2025. None of these investments are accounted for under the equity method.
Investments Cost Fair Value
1,500 shares of Gordon, Inc., common $73,500 $68,800
5,000 shares of Wallace Corp., common 165,000159,900
400 shares of Martin, Inc., preferred 59,20061,000
$297,700 $289,700
All of the securities were purchased in 2025.
In 2026, Blue completed the following securities transactions.
March 1 Sold the 1,500 shares of Gordon, Inc., common, @ $45 less fees of $1,200.
April 1 Bought 700 shares of Earnhart Corp., common, @ $75 plus fees of $1,200.
Blues portfolio of equity securities appeared as follows on December 31,2026.
Investments Cost Fair Value
5,000 shares of Wallace Corp., common $165,000 $159,900
700 shares of Earnhart Corp., common 53,70050,000
400 shares of Martin, Inc., preferred 59,20057,400
$277,900 $267,300
Prepare the general journal entries for Blue Company for:
(a) The 2025 adjusting entry.
(b) The sale of the Gordon stock.
(c) The purchase of the Earnhart stock.
(d) The 2026 adjusting entry for the portfolio.
(List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
No. Account Titles and Explanation Debit Credit
(a) enter an account title enter a debit amount enter a credit amount
enter an account title enter a debit amount enter a credit amount
(b) enter an account title enter a debit amount enter a credit amount
enter an account title enter a debit amount enter a credit amount
enter an account title enter a debit amount enter a credit amount
(c) enter an account title enter a debit amount enter a credit amount
enter an account title enter a debit amount enter a credit amount
(d) enter an account title enter a debit amount enter a credit amount
enter an account title enter a debit amount enter a credit amount

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