Sheridan Company has the following securities in its portfolio of equity securities on December 31, 2021:

		Cost		Fair Value
5,000 shares of Thomas Corp., Common		$150,000		$137,000
10,000 shares of Gant, Common		183,000		191,700
		$333,000		$328,700

All of the securities had been purchased in 2021. In 2022, Sheridan Company completed the following securities transactions:

March 1		Sold 5,000 shares of Thomas Corp., Common @ $31 less fees of $1,500.
April 1		Bought 600 shares of Werth Stores, Common @ $43 plus fees of $530.

The Sheridan Company portfolio of equity securities appeared as follows on December 31, 2022:

		Cost		Fair Value
10,000 shares of Gant, Common		$183,000		$193,600
600 shares of Werth Stores, Common		26,330		24,410
		$209,330		$218,010

Prepare the general journal entry for Sheridan Company for the 2021 adjusting entry. (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
12-31-21

Prepare the general journal entry for Sheridan Company for the sale of the Thomas Corp. stock. (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
3-1-22

Prepare the general journal entry for Sheridan Company for the purchase of the Werth Stores' stock. (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
4-1-22

Prepare the general journal entry for Sheridan Company for the 2022 adjusting entry. (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
12-31-22