Question: Use the data given in exercise S7-1. On May 19, 2018, Knowlton sold its investment in BCE shares for $26 per share. 1. Journalize the

Use the data given in exercise S7-1. On May 19, 2018, Knowlton sold its investment in BCE shares for $26 per share.

1. Journalize the sale. No explanation is required.

2. How does the gain or loss that you recorded here differ from the gain or loss that was recorded at December 31, 2017?

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