Marian Company's records show the following account balances at 2/1/18: Investment in HTM securities, $500,000; and discount on HTM investment, $20,000. On that day, the company sells the investment for $520,000. The journal entry would included debits of
a-$20,000 to loss
b-$20,000 to gain
c-$20,000 to discounts
d-$520,000 to cash

c-$20,000 to discounts

d-$520,000 to cash

Explanation:

At 2/1/18 the balance of investment account is debt $500,000 and discount account is credit $20,000. On sale of Investment $520,000 the cash and discount account will be debited. Journal Entry Should be as follow:

Account                    DR.          Cr.

Discount             $20,000  

Cash                   $520,000  

Securities Investment           $500,000

Gain on sale                          $40,000

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it

a. money supply  

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