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Problem 17-6 Marin Company has the following portfolio of investment securities at September 30, 2017, its last reporting date. Fair Value $217,560$204,010 121,760 170,150 Trading

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Problem 17-6 Marin Company has the following portfolio of investment securities at September 30, 2017, its last reporting date. Fair Value $217,560$204,010 121,760 170,150 Trading Securities Cost Horton, Inc. common (5,180 shares) Monty, Inc. preferred (3,200 shares) Oakwood Corp. common (930 shares) 115,200 171,120 On October 10, 2017, the Horton shares were sold at a price of $51 per share. In addition, 3,150 shares of Patriot $53 per share on November 2, 2017. The December 31, 2017, fair values were Monty $87,420, Patri common stock w ere acquired at ot $136,340, and the Oakwood $183,240. 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 manu Entry" for the account titles and enter O for the amounts.) ally. It no entry is required, select "No Date

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