Hardin Park Company had these transactions pertaining to stock investments

Feb. 1 Purchased 2,500 shares of Raley Company (10%) for $44,500 cash.

June 1 Received cash dividends of $1 per share on Raley stock.

Oct. 1 Sold 1,000 shares of Raley stock for 19,500.

Dec. 1 Received cash dividends of $2 per share on Reley stock.

The entry to record the purchase of the Raley stock would include a

Answer

		debit to the Stock Investments account for $43,500.
		credit to Cash for $43,500.
		debit to the Stock Investments account for $44,500.
		debit to Investment Expense for $1,000.