Question

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


$1.99
Sales0
Views34
Comments0
  • CreatedOctober 05, 2015
  • Files Included
Post your question
5000