The following information related to the marketable security investments of Solo Company. Securities held on December 31, 2009, as described in the table below. AAA and BBB are classified as trading securities and CCC is classified as an available-for-sale security. During 2010, Solo received word that dividends of $$2.50 per share were declared, but not yet received on the 150 shares of CCC stock. The per-share market value of CCC on December 31, 2010, was $18. During 2011, Solo sold 150 shares of CCC for $22 per share. The journal entry to record the sale of 150 shares of CCC stock in 2011 would include:

Question

The following information related to the marketable security investments of Solo Company. Securities held on December 31, 2009, as described in the table below. AAA and BBB are classified as trading securities and CCC is classified as an available-for-sale security.  During 2010, Solo received word that dividends of $$2.50 per share were declared, but not yet received on the 150 shares of CCC stock. The per-share market value of CCC on December 31, 2010, was $18. During 2011, Solo sold 150 shares of CCC for $22 per share. The journal entry to record the sale of 150 shares of CCC stock in 2011 would include:

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The Answer of The following information related to the marketable security investments of Solo Company. Securities held on December 31, 2009, as described in the table below. AAA and BBB are classified as trading securities and CCC is classified as an available-for-sale security.  During 2010, Solo received word that dividends of $$2.50 per share were declared, but not yet received on the 150 shares of CCC stock. The per-share market value of CCC on December 31, 2010, was $18. During 2011, Solo sold 150 shares of CCC for $22 per share. The journal entry to record the sale of 150 shares of CCC stock in 2011 would include:

The Following Information Related to the Marketable Security Investments of Solo