Skysong, Inc. has the following securities in its portfolio of equity securities on December 31, 2021:

		Cost		Fair Value
5,000 shares of Thomas Corp., Common		$152,000		$140,100
10,000 shares of Gant, Common		182,000		189,500
		$334,000		$329,600

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

March 1		Sold 5,000 shares of Thomas Corp., Common @ $31 less fees of $1,500.
April 1		Bought 620 shares of Werth Stores, Common @ $47 plus fees of $580.

The Skysong, Inc. portfolio of equity securities appeared as follows on December 31, 2022:

		Cost		Fair Value
10,000 shares of Gant, Common		$182,000		$192,100
620 shares of Werth Stores, Common		29,720		27,590
		$211,720		$219,690

(a)

New attempt is in progress. Some of the new entries may impact the last attempt grading.

Your answer is partially correct.

Prepare the general journal entry for Skysong, Inc. 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