Hanes Company sells debt investments costing $26,000 for $28,000, plus accrued interest that has been recorded. In
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Hanes Company sells debt investments costing $26,000 for $28,000, plus accrued interest that has been recorded.
In journalizing the sale, credits are to:
a. Debt Investments and Loss on Sale of Debt Investments.
b. Debt Investments, Gain on Sale of Debt Investments, and Bond Interest Receivable.
c. Stock Investments and Bond Interest Receivable.
d. No correct answer given.
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Related Book For 
Financial Accounting Text Only
ISBN: 9780006575405
5th Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
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