Elliott has the following capital gain and loss transactions for the current year. a. Short-term capital gain$11,200 b. Short-term capital loss(26,880) c. Long-term capital gain (28%)89,600 d. Long-term capital gain (25%)35,840 e. Long-term capital gain (15%)44,800 f. Long-term capital loss (28%)(35,840) g. Long-term capital loss (15%)(67,200) After the capital gain and loss netting process, what is the amount and character of Elliott's gain or loss

Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.