The market rate of Alcoa fluctuated widely, triggering a margin call. Stamford Fund decided to make a deposit of $200,000 in the margin account on that date. Valuation dates are month ends. Prepare journal entries, general ledgers, trial balance, income statement, and balance sheet as of February 15, when the interest on margin account is also computed.

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Date Expiry Quantity Rate (US$) Long/Short Brokerage 29-Jan-X1 15-Feb-X1 10,000 $65 Long $700 5-Feb-X1 15-Feb-X1 3,500 $72 Partial Termination $200 Date Market Price 29-Jan-X1 67 30-Jan-X1 68 31-Jan-X170 1-Feb-X1 72 2-Feb-X1 78 5-Feb-X1 73 6-Feb-X1 78 7-Feb-X1 80 Date Market Price 8-Feb-X1 77 9-Feb-X1 75 12-Feb-X1 83 13-Feb-X180 14-Feb-X1 83 15-Feb-X175