Jamison Company has the following securities in its portfolio of trading equity securities on 12/31/20: Cost Fair Value 4,000 shares of Alpha Corp. $128,000 $116,000 7,000 shares of Beta Co. 192,500 199,500 2,500 shares of Cohn Co. 162,000 168,750 $482,500 $484,250 All of the securities had been purchased in 2020. In 2021, Jamison completed the following securities transactions: 3/1 Sold 3,000 shares of Beta Corp. @ $29 less fees of $1,500. 7/1 Bought 2,000 shares of Eta Stores @ $42 plus fees of $550. The Jamison Company portfolio of trading equity securities appeared at the end of 2021: Cost Fair Value 4,000 shares of Alpha Corp. $128,000 $114,000 4,000 shares of Beta Co. 110,000 120,000 2,500 shares of Cohn Co. 162,000 167,500 2,000 shares of Eta Co. 84,550 88,000 $484,550 $489,500 Prepare the general journal entries for Jamison Company for: (a) the 2020 adjusting entry. (b) the sale of the Beta Corp. stock and the purchase of the Eta Stores stock (c) the 12/31/21 adjusting entry.

Jamison Company has the following securities in its portfolio of trading equity securities on 12/31/20: All of the securities had been purchased in 2020. In 2021, Jamison completed the following securities transactions: 3/1 Sold 3,000 shares of Beta Corp. @ \$29 less fees of \$1,500. 7/1 Bought 2,000 shares of Eta Stores @ \$42 plus fees of $550. The Jamison Company portfolio of trading equity securities appeared at the end of 2021 : Prepare the general journal entries for Jamison Company for: (a) the 2020 adjusting entry. (b) the sale of the Beta Corp. stock and the purchase of the Eta Stores stock (c) the 12/31/21 adjusting entry