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list of accounts for all parts of question is below Question 2 2018: Cost Fair Value 152,000 $ 139,500 181,000 188,000 $333,000 $327,500 5,000 shares
list of accounts for all parts of question is below
Question 2 2018: Cost Fair Value 152,000 $ 139,500 181,000 188,000 $333,000 $327,500 5,000 shares of Thomas Corp., Common 10,000 shares of Gant, Common 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. Apr 1 Bought 590 shares of Werth Stores, Common$44 plus fees of $540 2019: Cost Fair Value 10,000 shares of Gant, Common $181,000 $191,200 590 shares of Werth Stores, Common 26,500 24,300 $207,500 $215,500 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 12-31-18Step by Step Solution
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