Bonita Corporation made the following cash purchases of securities during 2017, which is the first year in which Bonita invested in securities.

1.		On January 15, purchased 10,230 shares of Sanchez Companys common stock at $40.20 per share plus commission $2,210.
2.		On April 1, purchased 5,230 shares of Vicario Co.s common stock at $62.40 per share plus commission $3,600.
3.		On September 10, purchased 7,230 shares of WTA Co.s preferred stock at $31.80 per share plus commission $5,140.

On May 20, 2017, Bonita sold 4,230 shares of Sanchez Companys common stock at a market price of $42 per share less brokerage commissions, taxes, and fees of $4,080. The year-end fair values per share were Sanchez $36, Vicario $66, and WTA $33.60. In addition, the chief accountant of Bonita told you that the corporation plans to hold these securities for the long-term but may sell them in order to earn profits from appreciation in prices. The equity method of accounting is not appropriate for these stock purchases.

Prepare the journal entries to record the above three security purchases.

Prepare the journal entry for the security sale on May 20.

Compute the unrealized gains or losses

Prepare the adjusting entries for Bonita on December 31, 2017

No. Date Account Titles and Explanation Debit Credit (1) |Jan. 15, 2017 11 Equity Investments 413456 Cash 413456 (2)TApr. 1, 2017 Equity Investments 329,952 Cash 329,952 (3) | Sep. 10, 2017 Equity Investments 235,054 Cash 235,054