pequot22
Mar 17, 2009, 09:32 PM
how do i journalize marketable securities with a gain
pequot22 Mar 17, 2009, 09:32 PM how do i journalize marketable securities with a gain ROLCAM Mar 17, 2009, 10:52 PM You bought 10 BHP shares for $3,000. You sold 10 BHP shares for $3,500. You made a gain of $500 on the 2 transactions. 1) DEBIT Shares Account $3,000 2) CREDIT Bank Account $3,000 Being bought 10 BHP shares for $3,000. ############################## 1) DEBIT Bank Account $3,500 2) CREDIT Shares Account $3,000 3) CREDIT Gain on Shares Account $ 500. Being sold 10 BHP shares for $3,500 making a gain of $500. Copyright ©2005-, Ask Me Help Desk
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