Korman Company has the following securities in its portfolio of equity securities on December 31, 2018 Cost Fair Value 5,000 shares of Thomas Corp , Common $150,000 $137,700 10,000 shares of Gant, Common 180,000 188,100 $330,000 $325,800 All of the securities had been purchased in 2018 In 2019, Korman completed the following securities transactions March 1 Sold 5,000 shares of Thomas Corp , Common $30 90 less fees of $1,500 April 1 Bought 600 shares of Werth Stores, Common $46 plus fees of $510 The Korman Company portfolio ofequity securities appeared as follows on December 31, 2019 Cost Fair Value 10,000 shares of Gant, Common $180,000 $190,100 600 shares of Werth Stores, Common 28,110 26,040 $208,110 $216,140 Prepare the general journal entry for Korman Company for the 2018 adjusting entry (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 0 for the amounts ) Date Account Titles and Explanation Debit Credit 12 31 18 Prepare the general journal entry for Korman Company 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 0 for the amounts ) Date Account Titles and Explanation Debit Credit 3 1 19 Prepare the general journal entry for Korman Company 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 0 for the amounts ) Date Account Titles and Explanation Debit Credit 4 1 19 Prepare the general journal entry for Korman Company for the 2019 adjusting entry (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 0 for the amounts ) Date Account Titles and Explanation Debit Credit 12 31 19

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Korman Company has the following securities in its portfolio of equity securities on December 31, 2018: Cost Fair Value 5,000 shares of Thomas Corp., Common

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

	Cost	Fair Value
5,000 shares of Thomas Corp., Common	$150,000	$137,700
10,000 shares of Gant, Common	180,000	188,100
	$330,000	$325,800

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

March 1		Sold 5,000 shares of Thomas Corp., Common @ $30.90 less fees of $1,500.
April 1		Bought 600 shares of Werth Stores, Common @ $46 plus fees of $510.

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

	Cost	Fair Value
10,000 shares of Gant, Common	$180,000	$190,100
600 shares of Werth Stores, Common	28,110	26,040
	$208,110	$216,140

Prepare the general journal entry for Korman Company for the 2018 adjusting entry. (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 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
12-31-18

Prepare the general journal entry for Korman Company 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 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
3-1-19

Prepare the general journal entry for Korman Company 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 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
4-1-19

Prepare the general journal entry for Korman Company for the 2019 adjusting entry. (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 0 for the amounts.)