| So your “company” had 250,000 in cash.
You then invested $204, 996.96 (so let’s just say you invested $250,000).
That JE would have been:
Dr. Investments 250,000
Cr. Cash 250,000
Now you have sold the investments for let’s say $300,000.
So that JE is:
Dr. Cash 300,000
Cr. Investments 250,000
Cr. Gain on Investments 50,000 (a revenue account, goes on the Income Statement) |