Apple company sold marketable securities costing $80,000 for $92,000 cash. In the companys journal, this will appear as:

a.

Debit Cash 80,000; Credit Marketable securities 80,000

b.

Debit Cash 92,000; Credit Gain on Sale of Investments 12,000

c.

Debit Cash 92,000; Credit Marketable securities 92,000

d.

Debit Cash 92,000; Credit Gain on Sale of Investments 92,000