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Vaughn Compary has the following securities in its portfollo on December 31. 2025. Nane of these investments are accounted for under the equity method. All

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Vaughn Compary has the following securities in its portfollo on December 31. 2025. Nane of these investments are accounted for under the equity method. All of the securities were purchased in 2025 . In 2026, Vaughn corspleted the following securities transactions. March1. Sold the 1.500 shares of Gordon, Incic common, E45 less fees of \$1,200. Aprit 1 Bought 700 shares of Eamhart Corp. common, 675 plus fees of 51,300. Vaughn's portfolio of equity cocurities appeared as followi on Docember 31, 2026. Prepare the general journi entries for Vaughin Company for. Prepare the general joumal entries for Vaathi Company for: (a) The 2025 adjusting emry? (b) Theswe of the Cordonsock (c) The purchase of the Earnhart stock (d) The 2028 adjuatingentry for the partfotio. (List ol debit entries befere crdit entries Cralit acoount fiden are automotadly indented when amound is entered, Do not indent inarually . no entry b roquirvd, sefect " Wo Entry for the occount titier and enter of for the anounts)

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