NEXT Problem 17-6 Crane Company has the following portfolio of investment securities at September 30, 2017, its last reporting date. CostFair Value $199,880 127,850 153,760 Horton, Inc. common (5,000 shares) $215,000 120,460 154,850 tudy Monty, Inc. preferred (3,170 shares) Oakwood Corp. common (950 shares) On October 10, 2017, the Horton shares were sold at a price of $54 per share. In addition, 2,960 shares of Patriot common stock were acquired at $56 per share on November 2, 2017. The December 31, 2017, fair values were Monty $92,360, Patriot $132,400, and the Oakwood $166,550. Prepare the journal entries to record the sale, purchase, and adjusting entries related to the equity securities in the last quarter of 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit All Rights to search