you would have the following journal entries:
a. Short Sale Transaction:
* Debit: Cash (Asset) $2,613.68
* Credit: Short Sale Liability (Liability) $2,613.68
b. Borrowed Margin Loan:
* Debit: Margin Deposit (Asset) $1,175.16
* Credit: Loan Payable (Liability) $1,175.16
$3,789
Not sure how to record your particular transaction with short-selling stock
and foreign currency both involved.
This sounds like a mess for you and for your accountant.
There's a Stock Transaction Assistant which is activated when you're
viewing your STOCK account and is intended to record stock ac
