Tran America Trust Co owns both trading and available for sale securities. The following securities were owned on December 31, 2014

Trading Securities:

Security	Shares	Total Cost	Fair Value Dec 31, 2014	Market Adjustment
Albert Groceries, Inc.	600	$9,000	$11,500	$2,500 Dr.
West Data Inc.	1,000	27,000	18,000	9,000 Cr.
Steel Co	450	9,900	10,215	315 Dr.
Total		$45,900	$39,715	$6,185 Cr.

Available for Sale Securities:

Security	Shares	Total Cost	Fair Value Dec 31, 2014	Market Adjustment
Dairy Products	2,000	$86,000	$90,000	$4,000 Dr.
Veen Movies	15,000	390,000	365,000	25,000 Cr.
Disks Inc.	5,000	60,000	80,000	20,000 Dr.
Total		$536,000	$535,000	$1,000 Cr.

The following transactions occurred during 2015:

Sold 500 shares of West Data Inc. for $9,500

Sold 200 shares of Disks Inc. for $3,000

Transferred all shares of Albert Groceries to the available for sale portfolio when the total fair value was $12,900

Transferred the remaining shares of Disks Inc. to the trading securities portfolio when the market price was $20 per share.These shares were subsequently sold for $18 per share

At December 31, 2015 market for the remaining securities were as follows:

Security	Market price per share
Albert Groceries Inc.	$22
West Data Inc.	15
Steel Co	21
Dairy Products	42
Veen Movies Inc.	28

Instructions:

Prepare all journal entries necessary to record Trans America Trust Co.s marketable securities transactions and year-end adjustments for 2015. Assume that all declines in fair value are temporary.

Show your work and the computations.