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On August 1, Crane Company buys 1,000 shares of Estrada common stock for $25,500 cash....

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Accounting

On August 1, Crane Company buys 1,000 shares of Estrada common stock for $25,500 cash. On December 1, Crane sells the stock investments for $29,000 in cash.
Journalize the purchase and sale of the common stock. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
image

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