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date. What is the entry to record the cash proceeds at the time the bond
is sold?
Cash 1,200
Debt Investments 1,200
Cash 1,220
Debt Investments 1,050
Gain on Sale of Debt Investments 150
Interest Revenue 20
Cash 1,220
Debt Investments 1,200
Interest Revenue 20
Cash 1,200
Debt Investments 1,050
Gain on Sale of Debt Investments 150
3Multiple Choice Question 117
At the end of its first year, the trading securities portfolio consisted of
the following common stocks.
Cost Fair Value
Atrium Corporation $ 46,400 $ 50,000
Barnes Inc. 60,000 55,800