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 $152,000 $140,000 10,000 shares of Gant, Common 182,000 190,100 $334,000 $330,100

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 610 shares of Werth Stores, Common @ $47 plus fees of $500.

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

Cost Fair Value 10,000 shares of Gant, Common $182,000 $193,000 610 shares of Werth Stores, Common 29,170 27,120 $211,170 $220,120 Part 1 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 Part 3 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 Part 4 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