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View Full Version : Liquidatred a $200,000 brokerage account, need help with GJ transactions


Towergurl
Dec 20, 2010, 09:02 AM
Liquidated a $200,000 brokerage account, and paid off a 186,000 loan and the remaining going to another loan. How would you post this transaction in the GJ

Just Looking
Dec 20, 2010, 12:04 PM
Please read the rules for posting homework questions.

https://www.askmehelpdesk.com/finance-accounting/announcement-font-color-ff0000-u-b-read-first-expectations-homework-help-board-b-u-font.html

If you will post what you think the entry is, we will check it for you. Do you understand what a brokerage account is? Your textbook or Google can explain it. If you want to post what you think it is, we can verify if you understand it. We want you to attempt the answer as you will learn more that way. Thanks.

Towergurl
Dec 20, 2010, 12:09 PM
Sorry didn't realize this was for school homework. I will take my question else where. Thanks.