Question: DE16-10 Use the data given in Daily Exercise 16-9. On August 4, 20X8, BLT Financial, Inc.. sold its investment in PepsiCo stock for $20.75 per

DE16-10 Use the data given in Daily Exercise 16-9. On August 4, 20X8, BLT Financial, Inc.. sold its investment in PepsiCo stock for $20.75 per share. 1. Journalize the sale. No explanation is required. 2. How does the gain or loss that you recorded differ from the gain or loss that was recorded at December 31, 20X7?

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