The following information related to the marketable security investments of Solo Company. Securities held on December 31, 2009, as described in the table below. AAA and BBB are classified as trading securities and CCC is classified as an available-for-sale security. 
Early in 2010, the company sold 50 shares of BBB for $26 per share. The journal entry to record the 50 shares of BBB stock sold in 2010 will include:
A) A credit to Trading Securities for $1,400.
B) A credit to Unrealized Loss on Trading Securities for $100.
C) A credit to Realized Loss on Sale of Trading Securities for $100.
D) A debit to Realized Gain on Sale of Trading Securities for $100.
Correct Answer:
Verified
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