Prepare the journal entry to record this sale


Marina, Inc., held 1,500 of Navia common stock with a cost of $36,900. These shares were classified as a long-term available-for-sale investment. It sold the shares on December 13 for $42,100. Prepare the journal entry to record this sale.

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Accounting Basics: Prepare the journal entry to record this sale
Reference No:- TGS048081

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