Use the data given in Short Exercise 8-1. On May 21, 2013, Mail 4 You sold its

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Use the data given in Short Exercise 8-1. On May 21, 2013, Mail 4 You sold its investment in Tycon stock for $23 per share.

Use the data given in Short Exercise 8-1. On May

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 31,2012?

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Financial accounting

ISBN: 978-0132751124

9th edition

Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom

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