Kenseth Company has the following securities in its trading portfolio of securities on December 31, 2013.

                               

All of the securities were purchased in 2013.

In 2014, Kenseth completed the following securities transactions.

March 1 Sold the 1,500 shares of Gordon, Inc., Common, @ $45 less fees of $1,200
April 1 Bought 700 shares of Earnhart Corp., Common, @ $75 plus fees of $1,300

Kenseth Company’s portfolio of trading securities appeared as follows on December 31, 2014.

                              

Instructions
Prepare the general journal entries for Kenseth Company for:
  (a) The 2013 adjusting entry.
  (b) The sale of the Gordon stock.
  (c) The purchase of the Earnhart stock.
  (d) The 2014 adjusting entry for the trading portfolio.