Shay Company owns the following securities, which it is interested in selling Prepare the journal entry to record the sale of thesesecurities Type Available for sale Trading Available for sale Heldto maturity Market Adjustments $ 600 increase 800 decrease 1,000 increase Market Price Security London...

Cash 31200 Investment in AvailableforSale Securities London Company 5000 Investm ...

Shay Company owns the following securities, which it is interested in selling: Prepare the journal entry to

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Shay Company owns the following securities, which it is interested in selling:

Type Available-for-sale Trading Available-for-sale Heldto-maturity Market Adjustments $ 600 increase 800 decrease 1,000

Prepare the journal entry to record the sale of thesesecurities.

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Question Posted: Dec 27, 2011 10:08 AM

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Shay Company owns the following securities, which it is interested in selling: Prepare the journal entry to

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Type Available-for-sale Trading Available-for-sale Heldto-maturity Market Adjustments $ 600 increase 800 decrease 1,000 increase Market Price Security London Company Brown Company Shaw Company Robbins Company Cost $5,000 $6,400 6,100 8,400 8,700 7,200 None 9,800

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