 In this presentation, we'll record a transaction related to a sale of an investment and the gain related to the sale of investment. Time to rise above the crowd with Sage50Cloud accounting. Here we are in our Get Great Guitars file. We're going to start off by looking at our financial statements. So we're going to go to the reports dropdown. We're going to be opening up the financial statements. We're going to be taking a look at the balance sheet. So we'll open up that to balance sheet. It's going to be for the month of February. That's what we want. So I'm going to say, okay, there's the month of February. I'm going to make this large and we're going to be considering this investment now. So we have the investment in e-trade to recall of the $12,000. We're imagining that that's going to be in something like stocks and bonds. And then at this point in time, we're going to make a sale. We're going to sell it. We're going to say, hey, they went up in value. We're going to make the sale at this point in time. So buy low, sell high. That's my motto. So it went up. So we're going to sell it at this point. So we're going to record then the deposit that we're going to receive. The deposit we're going to say is for $17,000. So we'll have the deposit going up. The other side is going to be to the investment, which is going to be decreasing this investment account. And then we're going to have a gain that we're going to have to record on that. So this will be another transaction that's a little bit unusual in that it's not something that's going to happen every day. And therefore it's not part of the normal kind of flow chart that we would typically see. There's not going to be a form specifically related to this transaction, given the fact that it doesn't happen every day. Now there is cash affected. So therefore the next thing we can think about before going to the journal entry would say, hey, is cash affected? Is there a form that we want to record in this case related to a deposit or possibly we could use the check register to enter this information. Now I'm going to jump back over to our information. We're on the customers and sales now. Now if I go down to the banking section, we have our options down the banking section. We can say it's a receive money so we could enter it in a receive money from customer type form. Even though it's not from a customer in this case, it's from a sale or we can go directly into our register. Let's do that. Let's go to the account register here and I want to open up that register. I'm going to make this large. I'm going to make this for the register of the checking accounts. I'm going to select the drop down and pick the 20, the 1020, which is going to be our checking account and then I'll enter this into our system down below. I'm going to say that this is going to happen on February, let's say a second. And then we're going to say this is going to be a deposit. So this is money coming in. So it's going to be a receipt. And then we could say from investments, we could say E trade for for the reference or the sale we could say for the reference that pay is going to be E trade. The account there is where things get a little bit tricky because we're going to have multiple accounts that are going to be affected here. So what's going to happen is we have a deposit. We're going to say the deposit was for 17,000. So we need to be increasing the cash by the 17,000. And then we need to decrease what's going to be on the asset of the 12,000. And then the difference is going to be going to some type of gain. So let's see if we could use this split item. So I'm going to say we need a split item here. And I'm going to say that we had an asset on the books. So the asset on the books was an investment in E trade. It was on the books for 12,000. So this we need to be decreasing the E trade by the 12,000. And then the other is going to be going to some kind of game. So it's got to be a gain capital gain gain on investments. So I'm going to scroll all the way down and see if we have something like that. We go all the way down to the bottom here. We have the gain loss sale of assets, assets expense. I'm going to pick that one. I'm going to say that's going to be it. And that one I'm going to say is going to be 5,000. So there is the two because that should add up to then the 17,000. That's going to be going into the cash. So I'm going to say okay here and our split is in place. Then we have the payment and the receipt amount, which is going to be the 17,000. So there is that and sales tax. So what's going to happen when we do this is the deposit is going to go up by 17,000. The amount we sold it for the investments going to go down by 12,000 to zero. Then on the income statement, we should have that 5,000 income or increase on the game. Let's save it and then check it out. So we're going to say save and then the check amount does not match the total amount distributed in the split. Return to the split. That's not good. So if we go to the splits, we're going to say that we have the investments of the 12,000. And this is so it, I see what happened here. See it tried to solve the transaction plug in the 17,000 here because this amount was not yet in place. So I'm going to delete the sales amount. And there we have it. Now we should match out. So I'm going to say OK, and let's try it again. So I'm going to say save, please. There we have it. Now let's go to our financial. So I'm going to close this back out. We're going to open up our balance sheet. So let's open up that balance sheet, then go into the checking account within the checking account. We then see that 17,000. There's a 17,000 double clicking on it. It takes us to our register. Closing this back out, closing this back out. The other side of that 17,000 would be in the investment, which is now gone because it went down to zero. If we want to see it, we can go to the options up top. And we could say, why don't you show me the zero balance accounts? Because I'd like to see that one zero balance that went to zero just to see that it did what I thought it should. And so we're going to go into there. There's the investment in each rate. It's now at zero. If we double click on it, then we could see it went down by that 12,000. That looks good. Other side's going to be on the P and L, the profit and loss, the income statement. So let's go ahead and open that report back to our financial statement reports income statement. We'll open up the old income statement. Double clicking that it's going to be for the month of February. I don't need to see the zero amounts. Therefore, I'm going to remove them and then say, okay, there we have it. So there's our gain in this case of the 5,000. So we have the gain. So now we're at a gain of the 4,404 and total on the year 1,333 still in the negative. So that's going to be it. That's going to be it for now. Let's get out of here.