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Kingbird, Inc. has the following securities in its portfolio of equity securities on December 31, 2021: Cost Fair Value 5,000 shares of Thomas Corp, Common

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Kingbird, Inc. has the following securities in its portfolio of equity securities on December 31, 2021: Cost Fair Value 5,000 shares of Thomas Corp, Common $152,000 $140,500 10,000 shares of Gant, Common 183,000 190.300 $335,000 $330,800 All of the securities had been purchased in 2021. In 2022, Kingbird, Inc. completed the following securities transactions March 1 Sold 5,000 shares of Thomas Corp. Common $31 less fees of $1,500, April 1 Bought 580 shares of Werth Stores, Common 845 plus fees of $590. The Kingbird, Inc. portfolio of equity securities appeared as follows on December 31, 2022: Cost Fair Value 10,000 shares of Gant, Common $183,000 $193,300 580 shares of Werth Stores, Common 26,690 24,660 $209,690 $217,960 Prepare the general surnal entry for Kingbird, Inc, for the 2021 adjusting entry. (Credit account titles are automatically indented when amount is entered. Do not Indent manually. , for Debit Credit Date Account Titles and Explanation 12-31-21 Prepare the general journal entry for Kingbird, Inc. for the sale of the Thomas Corp, stock. (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 for the amounts.) Date Account Tities and Explanation Debit Credit 3-1-22 Prepare the general journal entry for Kingbird, Inc. for the purchase of the Werth Stores' stock. (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 for the amounts.) Date Account Titles and Explanation Debit Credit 4-1-22 Prepare the general Journal entry for kingbird, Inc. for the 2022 adjusting entry (Credit account titles are automatically indented when amount is entered. Do not indent manually Ir ne entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Accountries and Explanation Debit Credit 12-31-22 Version 2.21

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