Multiple Choice
A purchase of common stock of Blue Wave Corporation for $29,000 was sold three months later for $30,000. The entry to record the sale would include a
A) debit to Cash of $29,000.
B) credit to Gain on Sale of Stock Investments of $1,000.
C) credit to Stock Investments of $30,000.
D) credit to Interest Revenue of $1,000.
Correct Answer:
Verified
Correct Answer:
Verified
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