On January 18, 2016, Cosmetics for Animals Ltd. sold half of its investment in Pebble Beech Corp.

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On January 18, 2016, Cosmetics for Animals Ltd. sold half of its investment in Pebble Beech Corp. The full investment was reduced to its fair value of $6,000 on December 31, 2015. Cosmetics for Animals received $2,500 less a $300 brokerage fee.
Journalize the entry required on January 18, 2016, to record the sale of this investment.
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Accounting Volume 2

ISBN: 978-0176509743

2nd Canadian edition

Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren

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