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Omar Corporation, which has begun investing in trading securities, engaged in the following transactions: 1. Jan. 6 Purchased 7,000 shares of Quaker Oats stock. $30

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Omar Corporation, which has begun investing in trading securities, engaged in the following transactions: 1. Jan. 6 Purchased 7,000 shares of Quaker Oats stock. $30 per share. 2. Feb. 15 Purchased 9,000 shares of EG&G, $22 per share. 3. At year end on December 31, 2019, Quaker Oats was trading at $40 per share, and EG&G was trading at $18 per share. Record the entries showing the necossary year-end adjusting entry

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