Solved: Sold 280 shares of sohn corporation common stock for 2800, Accounting Basics

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Sold 280 shares of sohn corporation common stock for 2800

Question - Sold 280 shares of sohn corporation common stock for $28.00 per share. The shares were originally purchased on July 11, 2013 for $22.00 per share plus a commission of $62. Central brokerage retained a commission of $72 on the sale and forwarded check no. 4289 for the net sale proceeds to waren.

Calculate and record the gain or loss on the sale of the marketable securities.

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Accounting Basics: Sold 280 shares of sohn corporation common stock for 2800

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Accounting Basics: Sold 280 shares of sohn corporation common stock for 2800

Reference No:- TGS02791975

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