Q5

Kingbird Company has the following portfolio of investment securities at September 30, 2020, its most recent reporting date.

Investment Securities		Cost		Fair Value
Horton, Inc. common (5,310 shares)		$238,950		$224,500
Monty, Inc. preferred (3,700 shares)		140,600		148,130
Oakwood Corp. common (990 shares)		164,340		163,400

On October 10, 2020, the Horton shares were sold at a price of $52 per share. In addition, 2,720 shares of Patriot common stock were acquired at $54 per share on November 2, 2020. The December 31, 2020, fair values were Monty $113,310, Patriot $115,300, and Oakwood $177,370. Prepare the journal entries to record the sale, purchase, and adjusting entries related to the equity securities in the last quarter of 2020. (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 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Date
Date
Date

I have tried this three times and I cannot get it the last calculation correct, if you could show that it would be awesome!

These are different values, please show with the first values

Sheridan Company has the following portfolio of investment securities at September 30, 2020, its most recent reporting date. Investment Securities Horton, Inc. common (5,490 shares) Monty, Inc. preferred (3,670 shares) Oakwood Corp.common (920 shares) Cost Fair Value $230,580 $215,850 132,120 138,580 171,120 170,090 On October 10, 2020, the Horton shares were sold at a price of $56 per share. In addition, 2,750 shares of Patriot common stock were acquired at $57 per share on November 2, 2020. The December 31, 2020, fair values were Monty $104,680, Patriot $124,190, and Oakwood $184,410. Prepare the journal entries to record the sale, purchase, and adjusting entries related to the equity securities in the last quarter of 2020. (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 Debit Credit Account Titles and Explanation Cash Oct. 10.2020 307440 Equity Investments 230580 Gain on Sale of Investments 76860 Nov. 2, 2020 Equity Investments 156750 Cash 156750 Dec 31, 2020 Unrealized Holding Gain or Loss -Income 56010 Fair Value Adjustment 56010