The following securities are in Pascual Company SA's portfolio of long-term non-trading securities at December 31, 2016.

Question:

The following securities are in Pascual Company SA's of long-term non-trading securities at December 31, 2016.
Cost
1,000 shares of Reginald SA ordinary shares.............R$52,000
1,400 shares of Elderberry A/S ordinary shares..............84,000
1,200 shares of Mattoon AG preference shares..............33,600
On December 31, 2016, the total cost of the equaled total fair value. Pascual had the following transactions related to the securities during 2017.
Jan. 20 Sold all 1,000 ordinary shares of Reginald at R$54.80 per share.
28 Purchased 400 R$70 ordinary shares of Hachito Ltd. at R$79.20 per share.
30 Received a cash of R$1.05 per share on Elderberry ordinary shares.
Feb. 8 Received cash dividends of R$0.40 per share on Mattoon preference shares.
18 Sold all 1,200 preference shares of Mattoon at R$26.30 per share.
July 30 Received a cash of R$1.00 per share on Elderberry ordinary shares.
Sept. 6 Purchased an additional 600 R$70 ordinary shares of Hachito at R$82 per share.
Dec. 1 Received a cash of R$1.35 per share on Hachito ordinary shares.
At December 31, 2017, the fair values of the securities were:
Elderberry A/S ordinary shares.................R$64 per share
Hachito Ltd. ordinary shares....................R$72 per share
Instructions
(a) Prepare journal entries to record the transactions.
(b) Post to the investment account. (Use T-account.)
(c) Prepare the adjusting entry at December 31, 2017 to report the at fair value. Also prepare the required closing entry related to the investment securities.
(d) Show the statement of financial position presentation at December 31, 2017, for the investment-related accounts.
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