There was a margin call on March 7, and Kyoto Fund decided to make a deposit of JPY5 million 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 March 15, when the interest on margin account is also computed.

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Date Expiry Quantity Rate Long/Term Brokerage 26-Feb-X1 15-Mar-X1 3,000 JPY 2,250 Long JPY 5,600 5-Mar-X1 15-Mar-X1 1,250 JPY 2,600 Partial Termination JPY 2,600 Date Market Price FX Rate 26-Feb-X1 2,250 117 27-Feb-X1 2,350 116 28-Feb-X1 2,450 115 1-Mar-X1 2,550 116 2-Mar-X1 2,450 114 5-Mar-X1 2,350 116 6-Mar-X1 2,450 117 7-Mar-X1 2,550 118 8-Mar-X1 2,650 119 9-Mar-X1 2,750 121 12-Mar-X12,850 122 13-Mar-X12,750 121 14-Mar-X12,650 120 15-Mar-X12,550 118