Hi,

I need help with this question.

December 31 Sold 150 shares of John Corporation common stock for $27.00 per share. The shares were originally purchased on July 11, 2013 for $21.00 per share plus a commission of $60. Apple Brokerage retained a commission of $70 on the sale and forwarded check No. 4289 for the net sale proceeds to Warren.

I know the entries are Dr. Cash & Crs to Gain on Sale of Marketable Securities and Marketable Securities. I'm just not sure how to come up with the correct amounts for each entry. Is cash (150 * $27 - $70 commission) or (150 * $27 - $70 - $60 commission)?

Thank you.