Question: Refer to the information in RE 13 3 Assume that on

Refer to the information in RE 13-3. Assume that on February 1, 2017, Wolipack sold its investment in Cornett stock for $10,000. Prepare the journal entries of Wolipack to record the sale.
In RE13-3
These securities consisted of (a) Todd Corporation 10%, 5-ycar bonds with a face value of $20,000 which were purchased for $18,500 and (b) 300 shares of Cornett Company common stock which were purchased at $40 per share

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