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Kurobuta Hatway decided to invest in stocks in 2020. The details for their stock holdings are as follows: Security Market value on date of Market

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Kurobuta Hatway decided to invest in stocks in 2020. The details for their stock holdings are as follows: Security Market value on date of Market value on Dec 31St 2020 Market value on Dec 31st purchase (March 315t 2020) 2021 HE Stock $240,000 $220,000 $230,000 A&D Stock $180,000 $190,000 Sold in 2021 Additional information: Both investments were purchased on March 31St 2020. Kurobuta Hatway paid for the purchase of HE stock using cash. Kurobuta Hatway acquired the A&D stock by giving up a piece of equipment in trade. The equipment was bought 10 years ago at $900,000 and has accumulated depreciation of $740,000 on March 31st 2020.' Provide the journal entries for the purchases on March 31st 2020. Provide the adjusting entries on Dec 31ste 2020. A&D stock was sold on June 6 2021 for $180,000. Provide the journal entries for this sale

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