*how do I record the journal entry and calculate and record the gain and loss...
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Accounting
*how do I record the journal entry and calculate and record the gain and loss on the sale of the marketable securities?
*Be sure to consider the effects of both the purchase and sale commission expense
sold 200 shares of Lucas corporation common stock for $27 per share. the shares were originally purchased on July 11, 2022, for 23.00 per share plus a commission of $115. central brokerage retained a commission of $135 on the sale and sent the net proceeds via ACH payment made to Waren. Received an email notification from first American bank and trust for the ACH cash receipts
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