Washington Corp. held 1,500 of Vashon Company common stock with a cost of $74,387. It sold the shares on December 13 for $55,275. Prepare the journal entry to record Washington's sale.
What will be an ideal response?
| Dec 13 | Cash | 55,275 | ? |
| ? | Loss on Sale of Stock Investments | 19,112 | ? |
| ? | Stock Investments) | ? | 74,387 |
Business
You might also like to view...
Outsourcing is a concept that might encompass more than just commissioning the development of an application.
Answer the following statement true (T) or false (F)
Business
While racism and discrimination were significant problems in the larger social fabric of the U.S. during the 1960s, labor unions were instrumental in providing protection and relief from discrimination.
Answer the following statement true (T) or false (F)
Business
The logistics aspect of a value delivery chain is _____
a. quick response inventory management b. supply chain management c. third-party logistics management d. electronic data interchange
Business
When you are under hypnosis which of the following is true?
Business