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Delivery Dream Company completed these long-term equity investment transactions and recorded the following journal entries during 20 Click the icon to view the transactions.) (Click

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Delivery Dream Company completed these long-term equity investment transactions and recorded the following journal entries during 20 Click the icon to view the transactions.) (Click the icon to view the journal entries.) On May 21, 2019, Delivery Dream Company sold its investment in Microscape stock for $26 per share. Read the requirements 1. Journalize the sale. No explanation is required. (Record debits first, then credits. Exclude explanations from any journal entries.) Debit Credit Journal Entry Date Accounts May 21 Cash Investment in Equity Securities Gain on Sale of Equity Securities - X Reference Date Debit Credit Journal Entry Accounts 10 Investment in Equity Securities Cash Apr 13,200 13,200 Journal Entry Accounts Date Dobit Credit Jul 726 726 Date 22 Cash Dividend Revenue Journal Entry Accounts 31 Unrealized Loss on Equity Securities Investment in Equity Securities Debit Credit Dec 7,600 7,600 Delivery Dream Company completed these long-term equity investment transactions and recorded the following journal entries during 20 Click the icon to view the transactions.) (Click the icon to view the journal entries.) On May 21, 2019, Delivery Dream Company sold its investment in Microscape stock for $26 per share. Read the requirements 1. Journalize the sale. No explanation is required. (Record debits first, then credits. Exclude explanations from any journal entries.) Debit Credit Journal Entry Date Accounts May 21 Cash Investment in Equity Securities Gain on Sale of Equity Securities - X Reference Date Debit Credit Journal Entry Accounts 10 Investment in Equity Securities Cash Apr 13,200 13,200 Journal Entry Accounts Date Dobit Credit Jul 726 726 Date 22 Cash Dividend Revenue Journal Entry Accounts 31 Unrealized Loss on Equity Securities Investment in Equity Securities Debit Credit Dec 7,600 7,600

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