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On September 15, 2022, Marigold Ltd. sells 120 common shares of Novak Corp., which were being held as a trading investment. The shares were acquired
On September 15, 2022, Marigold Ltd. sells 120 common shares of Novak Corp., which were being held as a trading investment. The shares were acquired six months ago at $80 a share. Marigold sells the shares for $55 a share. The entry to record the sale is: Trading Investments Realized Losses on Trading Investments Cash Cash Realized Losses on Trading Investments Trading Investments Cash Trading Investments Cash Realized Gain Trading Investments Trading Investments 6600 3000 6600 3000 6600 9600 9600 9600 6600 3000 6600
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