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how do I do this? Skysong Company has the following portfolio of investment securities at September 30, 2020, its most recent reporting date. Investment Securities
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Skysong Company has the following portfolio of investment securities at September 30, 2020, its most recent reporting date. Investment Securities Horton, Inc. common (4,540 shares) Monty, Inc. preferred (3,210 shares) Oakwood Corp.common (930 shares) Cost $199,760 121,980 155,310 Fair Value $185,890 128,450 154,310 On October 10, 2020, the Horton shares were sold at a price of $52 per share. In addition, 3,200 shares of Patriot common stock were acquired at $53 per share on November 2, 2020. The December 31, 2020, fair values were Monty $95,620, Patriot $135,540, and Oakwood $167,350. 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 O for the amounts.) Date Account Titles and Explanation Debit Credit
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