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Prepare the general journal entries for korman company

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Reference no: EM131808930

Problem - The Korman Company portfolio of trading equity securities appeared as follows on December 31, 2011:

Cost Fair Value 10,000 shares of Gant, Common $182,000 $195,500

600 shares of Werth Stores, Common 27,550 25,500 $209,550 $221,000

Instructions - Prepare the general journal entries for Korman Company for the 2011 adjusting entry.

Reference no: EM131808930

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