Carlin Corporation sells 400 ordinary shares 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 ordinary shares 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 Ordinary Shares Being Held as a Short-Term