On August 1, Pharoah Company buys 1,000 shares of BCN common stock for $32,000 cash. On December 1, the stock investments are sold for $33,900 in cash. Journalize the purchase and sale of the common stock. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem) Date Account Titles and Explanation Debit Credit

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