0. The amount debited to the investment account when STU Co. acquires 80% of the common stock of VWY Co. for $300,000 cash is $300,000 1. On January 2, Peach Company purchases 35% of the 20,000 outstanding shares of $10 par common stock of Sharpe Corporation at $18. The amount debited to Investment in Sharpe Corporation Stock is $ 2