Following is information for Marcel Ltee's investments held for trading. Marcel is a public company and has

Question:

Following is information for Marcel Ltée's investments held for trading. Marcel is a public company and has a December 31 year end.
2017
Sept. 28 Purchased 3,500 shares of Cygman Limited for $40 per share.
Oct. 1 Purchased $300,000 of Rauk Inc. 4% bonds at face value. The bonds pay interest semi-annually on April 1 and October 1.
Nev. 12 Sold 1,900 Cygman shares for $42 per share.
Dec. 1 Received $1.50 per share from Cygman.
31 Cygman shares were trading at $38 per share and the Rauk bonds were trading at 101.
2018
Mar. 31 Sold the remaining Cygman shares for $40 per share.
Apr. 1 Received interest on the Rauk bonds.
Oct. 1 Received interest on the Rauk bonds.
Dec. 31 Rauk bonds were trading at 102.
Instructions
Record the above transactions, including any required adjusting entries, for 2017 and 2018.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...