10. SIZZLE Company Exchanged 1, Odd shares of Guinn COMPANY COMITY "ITUITION Stock, which STEELE* was holding as an investment , for Equipment from Mayo Company . The Guinn Company* COIIIIIIOIL Stock, which had been purchased DIV Siegle for $50 per share , had a quoted market value of $58 per share at the date of Exchange* The Equipment had a recordEd amount on Mayo's books of $52, 500 . What journal Entry should Siegle make to record this Exchange ?" EQUIPINIENT* 50,000 Investment in Guinn Co . Common Stock EQUIPMENT 52.500 Investment in Guinn Co . Common Stock Gain on Disposal of Investment EQUIPMENT 52, 500 LOSS on Disposal 5. 500 of Investment Investment in Guinn Co . Common Stock