On December 31, 2010, available-for-sale securities with an original cost of $10,000 have a carrying value on the balance sheet equal to their market value of $12,000. On January 5, 2011, those securities are sold for $11,000. Give the appropriate entry to record the sale of the available-for-sale securities.

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The Answer of On December 31, 2010, available-for-sale securities with an original cost of $10,000 have a carrying value on the balance sheet equal to their market value of $12,000. On January 5, 2011, those securities are sold for $11,000. Give the appropriate entry to record the sale of the available-for-sale securities.

On December 31, 2010, Available-For-Sale Securities with an Original Cost