Prepare the journal entry to record sale


Columbia Corp held 1,500 of Vianco common stock with a cpst of $74,387. These shares were classified as a long term available-for-sale investment. It sold the shares on December 31st for $55,275. Prepare the journal entry to record this sale.

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Accounting Basics: Prepare the journal entry to record sale
Reference No:- TGS051639

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