On March 28, 2021 Alfa Inc purchased 3,500 shares of Microsoft Corporation at the price of 50 $ per share. At December 31, 2021 Microsoft Corporation share value on the stock market is equal to 57 $...

Extracted text: On March 28, 2021 Alfa Inc purchased 3,500 shares of Microsoft Corporation at the price of 50 $ per share. At December 31, 2021 Microsoft Corporation share value on the stock market is equal to 57 $ per share. At January 15, 2022 Alfa Inc sells all the Microsoft shares at the price of 60$ per share. Record (in the T-shape) and journalize (on the Ledger): • the purchase, • the adjusting entries at December 31, 2021 and • the sale.