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Waterway Company has the folliowing securities in its portfolio on December 31, 2025, None of these investinents are accounted for under the equity method All
Waterway Company has the folliowing securities in its portfolio on December 31, 2025, None of these investinents are accounted for under the equity method All of the securities were purchased in 2025 In 2026. Waterway completed the following securities transactiona. Aprils Bougtit 700 stares of Earnhart Corns common e. $75 plias fees of $,400. Waterway's portfolio of equitysecuritics appeared as follows on December 31.2026. Prepare the ieneraljournal entries for Waterway Company for: (a) The 2025 adjusting entry (b) The sale of the Gordonstock (c) The purchase of the Earnhart stock. (d) The 2026 adjusting entry for the portfolio. No. Account Titles and Explanation (a) Fair Value Ad oustment (b) (c) Cain ans Saln of terestments Unrealized Moldine Cianin or tons - Cquity (d)
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