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Coronado Corporation sells 420 shares of common stock being held as a short-term investment. The shares were acquired six months ago at a cost of

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Coronado Corporation sells 420 shares of common stock being held as a short-term investment. The shares were acquired six months ago at a cost of $53 a share. Alistair sold the shares for $40 a share. The entry to record the sale is Cash 16800 Stock Investments 16800 Cash 16800 Loss on Sale of Stock Investments 5460 Stock Investments Cash 22260 Gain on Sale of Stock Investments Stock Investments Stock Investments Loss on Sale of Stock Investments Cash 16800 5460 22260 5460 16800 21840

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