Sandhill Corporation's trading portfolio at the end of the year is as follows:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Sandhill Corporation's trading portfolio at the end of the year is as follows:
Security
Common Stock C
Common Stock D
Cost Fair Value
$9800
9300
$19100
$12100
4800
$16900
Sandhill subsequently sells Stock D for $9800. What entry is made to record the sale?
Transcribed Image Text:Sandhill Corporation's trading portfolio at the end of the year is as follows: Security Common Stock C Common Stock D Cost Fair Value $9800 9300 $19100 $12100 4800 $16900 Sandhill subsequently sells Stock D for $9800. What entry is made to record the sale?
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