On December 31, 2017, short-term equity 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, 2018, those securities are sold for $11,000. Give the appropriate entry to record the sale of the securities.

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The Answer of On December 31, 2017, short-term equity 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, 2018, those securities are sold for $11,000. Give the appropriate entry to record the sale of the securities.

On December 31, 2017, Short-Term Equity Securities with an Original