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Current Attempt in Progress Culver Company has the following portfolio of investment securities at September 30, 2020, its most recent reporting date. Investment Securities Horton,
Current Attempt in Progress Culver Company has the following portfolio of investment securities at September 30, 2020, its most recent reporting date. Investment Securities Horton, Inc. common (4,860 shares) Monty, Inc. preferred (3,700 shares) Oakwood Corp.common (980 shares) Cost $204,120 136,900 173,460 Fair Value $190,060 143,980 172,380 On October 10, 2020, the Horton shares were sold at a price of $53 per share. In addition, 2,930 shares of Patriot common stock were acquired at $55 per share on November 2, 2020. The December 31, 2020, fair values were Monty $110,490, Patriot $132,750, and Oakwood $185,570. Prepare the journal entries to record the sale, purchase, and adjusting entries related to the equity securities in the last quarter of 2020. (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 Ofor the amounts.) Date Account Titles and Explanation Debit Credit
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