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Elston Corporation Sells 200 Shares of Common Stock Being Held

Question 41

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Elston Corporation sells 200 shares of common stock being held as an investment. The shares were acquired six months ago at a cost of $30 a share. Elston sold the shares for $40 a share. The entry to record the sale is Elston Corporation sells 200 shares of common stock being held as an investment. The shares were acquired six months ago at a cost of $30 a share. Elston sold the shares for $40 a share. The entry to record the sale is

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