Q1. Korman Company has the following securities in its portfolio of Held-for-collection and selling investments on December 31, 2010: Cost Fair Value Amman Bonds. $140,000 $150,000 Jordan Bonds. 160,000 155,000 $300,000 $305,000 All of the investments had been purchased in 2010. In 2011, Korman completed the following investments transactions: March 1 Sold Amman Bonds at 170,000 for cash. April 1 Bought 500 Bonds of Werth Stores at $100 per bond. The Korman Company portfolio of Held-for-collection and selling investments appeared as follows on December 31, 2011: Cost Fair Value Jordan Bonds. $160,000 $140,000 Werth Stores Bonds 50,000 55,000 $210.000 $195.000 Instructions Prepare the general journal entries for Korman Company for: (a) the 2010 adjusting entry. (b) the sale of the Amman Bonds. (c) the purchase of the Werth Stores' Bonds. (d) the 2011 adjusting entry