Question 6 --/1 View Policies Current Attempt in Progress Bonita Company has the following portfolio of investment securities at September 30, 2020, its most recent reporting date. Investment Securities Horton, Inc. common (5,010 shares) Monty, Inc. preferred (3,280 shares) Oakwood Corp.common (1,000 shares) Cost $205,410 118,080 165,000 Fair Value $191,810 125,380 163,910 On October 10, 2020, the Horton shares were sold at a price of $55 per share. In addition, 3,130 shares of Patriot common stock were acquired at $56 per share on November 2, 2020. The December 31, 2020, fair values were Monty $90,560, Patriot $142,310, and Oakwood $179,080. 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 for the amounts.) Date Account Titles and Explanation Debit Credit Question 6 --/1 View Policies Current Attempt in Progress Bonita Company has the following portfolio of investment securities at September 30, 2020, its most recent reporting date. Investment Securities Horton, Inc. common (5,010 shares) Monty, Inc. preferred (3,280 shares) Oakwood Corp.common (1,000 shares) Cost $205,410 118,080 165,000 Fair Value $191,810 125,380 163,910 On October 10, 2020, the Horton shares were sold at a price of $55 per share. In addition, 3,130 shares of Patriot common stock were acquired at $56 per share on November 2, 2020. The December 31, 2020, fair values were Monty $90,560, Patriot $142,310, and Oakwood $179,080. 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 for the amounts.) Date Account Titles and Explanation Debit Credit