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    armine86's Avatar
    armine86 Posts: 2, Reputation: 1
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    #1

    Mar 18, 2008, 04:22 PM
    Financial accounting
    If a company sells an investment in stock for 8000000 and the investment was for 5100000 so they had a gain of 2900000. With a note due in 5 years with no interest rate. How would you journalize that??
    ChaliceHolder's Avatar
    ChaliceHolder Posts: 7, Reputation: 1
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    #2

    Mar 18, 2008, 06:10 PM
    Note Receivable Dr
    Gain on Sale Cr
    Stock Investment Cr
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