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Here is selected financial statement data regarding a company's balance sheet. Dec. 31, Dec. 31, 2021 2020 Assets Investments, long-term $ 1,700,000 $ 2,000,000 Liabilities
Here is selected financial statement data regarding a company's balance sheet. Dec. 31, Dec. 31, 2021 2020 Assets Investments, long-term $ 1,700,000 $ 2,000,000 Liabilities and Stockholders' Equity Bonds payable $ 1,000,000 $ 500,000 800,000 800,000 120,000 120,000 Common stock Paid-in capital in excess of par value Retained earnings Total stockholders' equity 800,000 470,000 1,720,000 1,390,000 During the year, the company sold investments with an original cost of $800,000 for $760,000. Journalize the significant non-cash investing and financing activity. Use correct spelling and do not use any symbols or decimals. Account Name Debit Credit DR CR
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