Intermediate Accounting: E17-14 Feiner Co. had purchased 300 shares of Guttman Co

Intermediate Accounting

E17-14 Equity Investment-Trading
Feiner Co. had purchased 300 shares of Guttman Co. for $40 each this year and classified the investment as a trading security. Feiner Co. sold 100 shares of the stock for $43 each. At year end the price per share of the Guttman Co. had dropped to $35.
Prepare the journal entries for these transactions. (List multiple debit/credit entries from largest to smallest amount, e.g. 10, 5, 2.)
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