Seslar Company has the following portfolio of investment securities at September 30, 2020, its most recent reporting date. Horton Inc. Common 5000 shares Cost Instructions $215,000 180,000 Fair Value 133,000 $200,000 Oakwood Corp. common 1000 shares Money, Inc. preferred 3500 shares On October 10, 2020, Horton shares were sold at a price of $54 per share. In addition, 3,000 shares of Patriot common stock were acquired at $54.50 per share on November 2, 2020. The December 31, 2020, fair values were Monty $160,000, Patriot $132,000, and Oakwood $193,000. 179,000 140,000 Prepare the general journal entries to record the sale, purchase, and adjusting entries related to the equity securities in the last quarter of 2020.

Seslar Company has the following portfolio of investment securities at September 30,2020 , its most recent reporting date. On October 10,2020. Horton shares were sold at a price of $54 per share. In addition, 3,000 shares of Patriot common stock were acquired at $54,50 per share on November 2.2020. The December 31,2020 , fair values were Monty $160,000. Patriot $132,000, and Oakwood $193,000. Instructions Prepare the general journal entries to record tho sale, purchase, and adjusting entries related to the equity securities in the last quarter of 2020