In March, 2018, Gamma sold Available-for-Sale securities for $75. It had originally purchased these securities...
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Accounting
In March, 2018, Gamma sold Available-for-Sale securities for $75. It had originally purchased these securities for $45. By mistake, Gamma debited cash and credited investments for $75 at the time of sale. The error was caught the following day (before books closed). Prepare the J.E. that would correct this error without having to reverse the original journal entry
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