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*Problem 17-6 Marin Company has the following portfolio of investment securities at September 30, 2017, its last reporting date. Cost Trading Securities Horton, Inc. common

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*Problem 17-6 Marin Company has the following portfolio of investment securities at September 30, 2017, its last reporting date. Cost Trading Securities Horton, Inc. common (5,390 shares) Monty, Inc. preferred (3,240 shares) Oakwood Corp. common (1,000 shares) $226,380 123,120 179,000 Fair Value $210,450 129,990 177,970 On October 10, 2017, the Horton shares were sold at a price of $55 per share. In addition, 3,210 shares of Patriot common stock were acquired at $56 per share on November 2, 2017. The December 31, 2017, fair values were Monty $96,750, Patriot $145,160, and the Oakwood $192,350. 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 for the amounts.) Date Account Titles and Explanation Debit Credit

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