Carlin Corporation sells 400 shares of common stock being held as a short-term investment. The shares were acquired six months ago at a cost of $50 a share. Carlin sold the shares for $40 a share. The entry to record the sale is

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The Answer of Carlin Corporation sells 400 shares of common stock being held as a short-term investment. The shares were acquired six months ago at a cost of $50 a share. Carlin sold the shares for $40 a share. The entry to record the sale is

Carlin Corporation Sells 400 Shares of Common Stock Being Held