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  • Jan 29, 2009, 06:46 AM
    smiley007
    Marketable securities
    Sold marketable securities for 25,000. Recognize a gain of 5,000. What is the journal entry?:confused:
  • Jan 29, 2009, 08:25 AM
    ROLCAM

    DR Securities Account ------------20,000
    DR Gain on Sale of Securuties a/c 5,000
    CR Bank Account -------------------------25,000

    Being Sold marketable securities for $25,000. Recognizing a gain of $5,000.

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