On January 1, 2010, Antlers, Inc.bought 800 shares (or 10%)of Buck Company's stock at $80.On February 1, 2010, Buck Company declared a 25% stock dividend.On March 1, 2010, Antlers sold several shares of Buck Company stock for $18, 900, realizing a loss of $300.
Required:
Show the journal entry to record the sale, and compute the number of shares of Buck Company stock that Antlers, Inc., sold.

Stock Dividend

A stock dividend is a dividend payment made to shareholders in the form of additional shares rather than a cash payout, affecting the company's share price and equity structure.

Journal Entry

A journal entry is a recording of a financial transaction in the accounting records of a business, indicating debts and credits to various accounts.

Realizing A Loss

Realizing a loss occurs when an asset is sold for less than its purchase price or book value, officially recognizing the loss in financial records.