1202-01_2020-212 MU On March 6, ABC Company purchased 3,000 shares of BAC Inc, as marketable securities, at a price of $3.5 per shares. ABC Company also paid $300 commission to a brokerage firm On September 6. ABC Company sold 2,000 of these shares at a price of $4.2 per share. ABC Company also paid $350 commission to a brokerage firm To record the transaction on September 6 in general Journal of ABC Company Select one: a Cash is debited for $8,050, Marketable Securities is credited for $7,200, Gain on Sale of Investment is credited for $850 b. Cashis debited for $8,750, Marketable Securities is credited for $7,200 Loss on Sale of Investment is debited for $1,550 C.Cashis debited for $8,400; Marketable Securities is credited for $7,000; Loss on Sale of Investment is credited for $1,400 d.Cash is debited for $8,750; Marketable Securities is credited for $7,200; Gain on Sale of Investment is credited for $850