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Current Attempt in Progress Korman Company has the following securities in its portfolio of equity securities on December 31, 2018: Cost $151,000 5,000 shares of Thomas Corp., Common 10,000 shares of Gant, Common Fair Value $139,000 187,700 $326,700 180,000 $331,000 All of the securities had been purchased in 2018. In 2019, Korman completed the following securities transactions: March 1 April 1 Sold 5,000 shares of Thomas Corp., Common @ $31.10 less fees of $1,500. Bought 620 shares of Werth Stores, Common @ $45 plus fees of $580. The Korman Company portfolio ofequity securities appeared as follows on December 31, 2019: Cost 10,000 shares of Gant, Common 620 shares of Werth Stores, Common $180,000 28,480 $208,480 Fair Value $190,700 26,390 $217,090 Part 1 Prepare the general journal entry for Korman Company for the 2018 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 O for the amounts.) Date Account Titles and Explanation Debit Credit 12-31-18 Part 2 Prepare the general journal entry for Korman 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 for the amounts.) Date Account Titles and Explanation Debit Credit 3-1-19 Part 3 Prepare the general journal entry for Korman 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 O for the amounts.) Date Account Titles and Explanation Debit Credit 4-1-19 Prepare the general journal entry for Korman Company for the 2019 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 O for the amounts.) Date Account Titles and Explanation Debit Credit 12-31-19

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