Question
Can someone help me with these journal entries? Sell Securities Get Cash DEBIT Cash | CREDIT Trading Securities Book any gain on the income statement
Can someone help me with these journal entries?
Sell Securities
Get Cash
DEBIT Cash | CREDIT Trading Securities
Book any gain on the income statement
DEBIT Current Tax Expense | CREDIT Taxes Payable
Recognize any current tax effects of the sale
DEBIT| CREDIT
Are the first 2 right?
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College Accounting Chapters 1-13
Authors: John Price, M David Haddock, Michael Farina
13th Edition
007743062X, 9780077430627
