Concord Corp. has the following portfolio of securities acquired for trading purposes and accounted for using the FV-NI model at September 30, 2023, the end of the company's third quarter: Investment 56,000 common shares of Yuen Inc. 4,900 preferred shares of Monty Ltd. Cost $408.800 186.200 2,200 common shares of Oakwood Inc. 198,000 Fair Value $224,000 196,000 196,900 On October 8, 2023, the Yuen shares were sold for $7.30 per share. On November 16, 2023, 3,000 common shares of Patriot Corp. were purchased at $45.50 per share. Concord pays a 1% commission on purchases and sales of all securities. At the end of the fourth quarter, on December 31, 2023, the fair values of the shares held were as follows: Monty $104,600; Patriot $121,000; and Oakwood $223,300. Concord prepares financial statements every quarter.

Concord Corp. has the following portfolio of securities acquired for trading purposes and accounted for using the FV-NI model at September 30, 2023, the end of the company's third quarter: On October 8, 2023, the Yuen shares were sold for $7.30 per share. On November 16, 2023, 3,000 common shares of Patriot Corp. were purchased at $45.50 per share. Concord pays a 1% commission on purchases and sales of all securities. At the end of the fourth quarter, on December 31, 2023, the fair values of the shares held were as follows: Monty $104,600; Patriot $121,000; and Oakwood $223,300. Concord prepares financial statements every quarter. Prepare the journal entries to record the sale, purchase, and adjusting entries related to the portfolio for the fourth quarter of 2023. (Credit account titles are automatically indented when the 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. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) FV-NI Investments Gain on Sale of Investments Commission Expense Cash Dec. 31 Investment Income or Loss FV-NI Investments