17.

On August 1, Cullumber Company buys 1.000 shares of Estrada common stock for $25,000 cash On December 1, Cullumber sells the stock investments for $29,000 in cash. Journalize the purchase and sale of the common stock. (Credit account titles are outomatically Indented when amount is entered. Do not Indent manually Recordjoumal entries in the ceder presented in the problem. If no entry is required, select "No entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Credit Debit On August 1, Cullumber Company buys 1, the stock investments for $29,000 in cash. Journalize the purchase and sale of the com. indent manually. Record journal entries in the or and enter O for the amounts.) Date Account Titles and Explan Aug. 1 Dec. 1