Question: Please answer those two question, if not then don't do it because i will thumb down for not answering 1&2. 1. 2 y On January

Please answer those two question, if not then don't do it because i will thumb down for not answering 1&2.

because i will thumb down for not answering 1&2. 1. 2 y

On January 1, 2021, the Apex Company exchanged some shares of common stock it had been holding as an investment for a note receivable. The note principal plus interest is due on January 1, 2022. The 2021 income statement reported $3,630 in interest revenue from this note and a $7,300 gain on sale of investment in stock. The stock's book value was $29,000. The company's fiscal year ends on December 31 Journal entry worksheet

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