EverOne Corp. has the following securities in its trading equity portfolio of securities on

December $31,2025$:

All of the securities were purchased in $2025$ and there was no balance in the Fair Value

Adjustment account prior to $2025.$

In $2026,$ EverOne completed the following securities transactions:

May $1$ Sold $500$ shares of Swiper Inc., preferred, @ $$230$ less fees of $$2,650.$

Oct. $21$ Sold the balance of Swiper Inc., preferred, @ $$220$ less fees of $$3,230.$

EverOne Corp.$\text{'}$s portfolio of trading securities appeared as follows on December $31,2026.$

Instruction

Prepare the general journal entries for EverOne Corp. for:

a$.$ The $2025$ adjusting entry.

b$.$ The May sale of the Swiper stock.

c$.$ The October sale of the Swiper stock.

d$.$ The $2026$ adjusting entry for the trading portfolio.