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On Dec 1 2 2 1 an equity investment costing $ 8 8 0 0 0 was sold for $ 1 1 6 0 0
On Dec an equity investment costing $ was sold for $ The investment was carried in the balance sheet at $ and was accounted for under the equity method. An error was made in which the total of the sale proceeds was credited to the investment account. & Prepare the following journal entries 
On Dec an equity investment costing $ was sold for $ The investment was carried in the balance sheet at $ and was accounted for under the equity method. An error was made in which the total of the sale proceeds was credited to the investment account.
& Prepare the following journal entries
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Global Financial Accounting And Reporting Principles And Analysis
Authors: Walter Aerts, Peter Walton
5th Edition
1473767121, 9781473767126
