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A purchase of common stock of Bramble Corp. for $21000 was sold three months later for $22000. The entry to record the sale would include
A purchase of common stock of Bramble Corp. for $21000 was sold three months later for $22000. The entry to record the sale would include a
credit to Gain on Sale of Stock Investments of $1000.
debit to Cash of $21000.
credit to Stock Investments of $22000.
credit to Interest Revenue of $1000.
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