Part A

Part 6: Equity securities Korman company has the following securities in its portfolio of equity securities on December 31, 2018. These equity purchases represent a minor amont of ownership in each company. 2018 is the first year of operations for korman company 5,000 shares of thomas corp. Commorn 10,000 shares of Grant, Common Cost $151,000 $138,000 184,000 190,000 $335,000 $328,000 air Value A. Prepare the 2018 adjusting entry. in 2019, Korman completed the following investment transactions March 1 April 1 Sold 5,000 shares of Thomas Corp, Common@$32 less of $1,5000 Bought 600 shares of werth stores, Common @ $45 plus fees of $550 The Korman company portfolio of equity securities appeared as follows on December 31, 2019 ir V Cost 10,000 shares of Gant Common 600 shares of Werth stores Common $184,000 $195,500 27,55025,5 $211,550 $221,000 nted to enuity securities (sale of stock investment purchase