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Please help me with part D Testbank Problem 125 (Part Level Submission) Nash's Trading Post, LLC has the following securities in its portfolio of equity
Please help me with part D Testbank Problem 125 (Part Level Submission) Nash's Trading Post, LLC has the following securities in its portfolio of equity securities on December 31, 2021: Cost Fair Value 5.000 shares of Thomas Corp. Common $149,000 $138,000 10,000 shares of Gant, Common 180.000 187.000 $325,000 $375,000 All of the securities had been purchased in 2021. In 2022, Nash's Trading Post, LLC completed the following securities transactions: March : Sold 5,000 shares of Thomas Corp., Common @ $31 less fees of $1,500. April Bought 580 shares of Werth Stores, Common @ $43 plus fees of $500. The Nash's Trading Post, LLC portfolio of equity securities appeared as follows on December 31, 2022: Cost Fair Value 10,000 shares of Gant, Common $180,000 $190,000 S80 shares oferth Stores. Common 25.400 $205,440 $213,540 (a) Your answer has been saved and sent for grading. See Gradebook for score details. Prepare the general journal entry for Nash's Trading Post, LLC for the 2021 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 o for the amounts.) Dute Account Tiles and Explanation 13.1 alized long Gana 4.000 Far Value Austment 4,000 Click if you would like to show Work for this question: Open Show Work Attempts: 1 of 1 used (b) Your answer has been saved and sent for grading. See Gradebook for score details. Prepare the general journal entry for Nash's Trading Post, LLC 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 o for the amounts.) 153,500 Equity Investments Gain on sale of en Click if you would like to show Work for this question Open Show Work 138,000 15.500 SHOW LINTO ACCOUNTS (c) ZYour answer has been saved and sent for grading. See Gradebook for score details. Prepare the general journal entry for Nash's Trading Post, LLC 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 o for the amounts.) Debit Credit Date Account Titles and Explanation 4-1-22 Equity Investments 25,440 Cash Click if you would like to show Work for this question: Open Show Work 25,440 SHOW LIST OF ACCOUNTS Attempts: 1 of 1 used (d) Prepare the general journal entry for Nash's Trading Post, LLC for the 2022 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 o for the amounts.) Date Account Titles and Explanation Debit Credit 12-31-22 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS
Please help me with part D
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