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Bramble Corp.sells 500 shares of common stock being held as an investment. The shares were acquired six months ago at a cost of $80 a
Bramble Corp.sells 500 shares of common stock being held as an investment. The shares were acquired six months ago at a cost of $80 a share. Bramble sold the shares for $84 a share. The entry to record the sale is Cash 42000 2000 Gain on Sale of Stock Investments Stock Investments 40000 Cash 42000 Stock Investments 42000 40000 Stock Investments Loss on Sale of Stock Investments Cash 2000 42000 Cash 40000 Loss on Sale of Stock Investments 2000 Stock investments 36600
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