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Please show all work NashCompany has the following portfolio of investment sacurities at September 30,2020 , its last reparting date. On Navamber 5,2020 , the
Please show all work
NashCompany has the following portfolio of investment sacurities at September 30,2020 , its last reparting date. On Navamber 5,2020 , the Platter shares were sold at a arice of 541 par share. In additian, 9,700 shares of Patriat commen stock were accuirad at $35 per shara on Novamber 26,2020 . The December 31,2020 , fair values ware Pamy $409,000, Pakay $79,300, and Patriat commen $318,200. All the sacurities are classifiad as trading. (a) Prepare the journal antries to record the sal 2, purchasa, and adjusting entries ralated to the trading securities in the last quartar of 2020 . Credit account titles are autamaticolly indented when amount is entered. Do not indent manually. If no entry is required, select "No Entrr" for the account tities and enter O for the amounts.)Step by Step Solution
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