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urgent pls 16 - Final Company, as a temporary investment purchased shares of X Corporation capital stock (with 37.000 TL par value) for 50.000 TL
urgent pls
16 - Final Company, as a temporary investment purchased shares of X Corporation capital stock (with 37.000 TL par value) for 50.000 TL plus 3.000 TL commityons through a bank on August 15. 2020. Market value of the investment at the end of the year was 7.000 TL Sold all of the shares for 45.000 TL less 2.000 Tl commissions through a bank on February 12, 2021. For the sale of the investment a) 110 Marketable Securities account will be credited by 53.000 TL b) 19 Allowance for Decline in value of M Sed account will be debited by 6000 TE C 655 Loss on Sale of Marketable Securities account will be debited by 2.000 TL d) 645 Gain on Sale of Marketable Securities account will be credited by 8.000 TE Bos birakStep by Step Solution
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