question 4 - type the answers please

Instructions:

1. Evaluate the Portfolio on March 31, 2018 and prepare the necessary entries.

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2. Prepare the necessary entries on August 21, 2018.

3. Prepare the necessary entries on October 1, 2018.

4. Evaluate the Portfolio on Dec. 31, 2018 and prepare the necessary entries.

Haris Company has the following portfolio of securities on March 31, 2018, its last reporting date. Trading Securities Derastia Co. ordinary (1,000 shares) Salfet Co. ordinary (2,000 shares) Sqaqa Corp. ordinary (4,000 shares) Book Value $ 150,000 200,000 100,000 Fair Value $ 320,000 70,000 150,000 1. In August. 21, 2018, the Derastia Co. shares were sold at a price of $500 per share. 2. In addition, 2,000 shares of Mesha Co. common stock were acquired at $30 per share on October 1, 2018. 3. The Dec 31, 2018, fair values were Salfet $ 190,000, Saqaqa Co. $130,000 and Mesha Co. common $70,000