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Concord Company had these transactions pertaining to stock investments: Feb. 1 Purchased 1800 shares of Martinez Company (10%) for $45900 cash. June 1 Received cash

Concord Company had these transactions pertaining to stock investments: Feb. 1 Purchased 1800 shares of Martinez Company (10%) for $45900 cash. June 1 Received cash dividends of $2 per share on Martinez stock. Oct. 1 Sold 1800 shares of Martinez stock for $49200 less brokerage fees of $600. The entry to record the SALE of the stock

a. credit to Gain on Sale of Stock Investments for $1800.

b.debit to Stock Investments for $45900.

c.debit to Cash for $49200.

d.credit to Gain on Sale of Stock Investments for $2700.

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