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Bonita Corporation sells 350 shares of common stock being held as an investment. The shares were acquired six months ago at a cost of $62
Bonita Corporation sells 350 shares of common stock being held as an investment. The shares were acquired six months ago at a cost of $62 a share. Bonita sold the shares for $38 a share. The entry to record the sale is Cash 13300 Loss on Sale of Stock Investments 8400 Stock Investments 21700 Cash 13300 Stock Investments 13300 Stock Investments 13300 Loss on Sale of Stock Investments 8400 Cash 21700 21700 O Cash Gain on Sale of Stock Investments Stock Investments 8400 13300
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