Korman Company has the following securities in its portfolio of equity securities on December 31, 2018:

CostFair Value5,000 shares of Thomas Corp., Common$151,000$139,00010,000 shares of Gant, Common180,000187,700$331,000$326,700

All of the securities had been purchased in 2018. In 2019, Korman completed the following securities transactions:

March 1Sold 5,000 shares of Thomas Corp., Common @ $31.10less fees of $1,500.April 1Bought620shares of Werth Stores, Common @ $45plus fees of $580.

The Korman Company portfolio ofequity securities appeared as follows on December 31, 2019:

CostFair Value10,000 shares of Gant, Common$180,000$190,700620shares of Werth Stores, Common28,48026,390$208,480$217,090

part 2

Prepare the general journal entry for Korman Company for the sale of the Thomas Corp. stock.

part 3

Prepare the general journal entry for Korman Company for the purchase of the Werth Stores' stock

part4

Prepare the general journal entry for Korman Company for the 2019 adjusting entry.