What is the journal entry to record the loss of $9000 on investments sold? and Save Darfur protest at Franklin Templeton Investments

What is the journal entry to record the loss of 00 on investments sold?

I believe it's a DR: Unrealized Loss $ 9000 and CR: Cash $ 9000. But please help. A company sold all of its investments (Avail. For Sale) at a loss of $ 9000.


Investment best answer:

Answer by Tyler Fenwick
It's not an unrealized loss because you are actually losing the money. Unrealized loss would be if it went down in value but you still held it.
What was the book value of the investment?
ie. Say it was valued at historical cost of $ 10,000

Cash 1,000 DR
Loss on Investment 9,000 DR
Investments 10,000 CR

Investment

Save Darfur protest at Franklin Templeton Investments


Image by Steve Rhodes
Part of a national day of action on October 15th calling for divestment


www.divestfordarfur.org

www.savedarfur.org

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