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Amazon Services, Inc Invests its excess cash in Nile Technologies, Inc. and acquires 2.000 shares for $55 25 per share. Amazon Services, Inc own less

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Amazon Services, Inc Invests its excess cash in Nile Technologies, Inc. and acquires 2.000 shares for $55 25 per share. Amazon Services, Inc own less than 1% of Niles voting stock and plans to hold the stock for two years While preparing the journal entry to record this Wansaction O A Equity Investments is debited for $110.500 O B. Common Stock is debited for $110.500 OC. An equity account is debited for $110,500 OD. Long-term investments is credited for $110.500

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