17-6

Crane Company has the following portfolio of investment securities at September 30, 2017, its last reporting date. On October 10, 2017, the Horton shares were sold at a price of $53 per share. In addition, 2, 930 shares or Patriot common stock were acquired at $55 per share on November 2, 2017. The December 31, 2017, fair values were Monty, $110, 490, Patriot $132, 750, and the Oakwood $185, 570. Prepare the journal entries to record the sale, purchase, and adjusting entries related to the equity securities in the last quarter or 2017, (credit account titles are automatically indented when amount its entered. Do not indent manually. If no entry is required select "No Entry" for the account titles and enter 0 for the amounts.)