As of December 31, 2021, Mythrol Corp. held two Equity Securities. Information regarding these securities is as
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As of December 31, 2021, Mythrol Corp. held two Equity Securities. Information regarding these securities is as follows:
| Security | Date Acquired | Acquisition Cost | Market Value (12/31/21) | Market Value (12/31/22) |
| A | 1/16/21 | $35,000 | $36,000 | $40,000 |
| B | 2/22/21 | $88,000 | $79,000 | Sold on 7/1/22 for $80,000 |
Based on the information given, create the journal entry that would be recorded on 12/31/22.
For each line item of the journal entry write whether it is a Dr. or Cr., the account name, and amount.
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Related Book For 
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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