On February 15. Jewel Company buys 10.200 shares of Marcelo Corp. common stock at exist30.13 per share plus a brokerage fee of exist560. The stock is classified as available - for - sale securities. On March Marcelo Corp. declares a dividend of exist1.95 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and ultimately sells half of the Marcelo Corp. November 17 of the current year for exist30.90 per share less a brokerage fee of exist410. The journal entry to record the sale of the 5, 100 share of stock on November 17 is Debit Cash exist157, 590: credit Long - Term Investments - Trading exist153, 663: debt Gain on sale of Long - Term investments exist3, 927. Debit Cash exist157, 590: credit Long - Term Investments - AFS exist153, 663: credit Gain on sale of Long - Term investments exist3, 517. Debit Cash exist157, 590: credit Long - Term Investments - AFS exist153, 943: credit Gain on sale of Long - Term investments exist3, 647 Debit Cash exist157, 180: credit Long - Term Investments - AFS exist153, 943: credit Gain on sale of Long - Term investments exist3, 237 Debit Cash exist157, 590: credit Long - Term Investments - Trading exist153, 663, credit Gain on sale of Long - Term investments exist3, 927