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On September 15, 2012, Wong Ltd Sells 100 Common Shares

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On September 15, 2012, Wong Ltd sells 100 common shares of Tong Corp, which were being held as a trading investment. The shares were acquired six months ago at $100 a share. Wong sells the shares for $80 a share. The entry to record the sale is On September 15, 2012, Wong Ltd sells 100 common shares of Tong Corp, which were being held as a trading investment. The shares were acquired six months ago at $100 a share. Wong sells the shares for $80 a share. The entry to record the sale is

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