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Jarvis Corporation makes an investment in 100 shares of Saxton Company's common stock. The stock is purchased for $40 a share plus brokerage fees of

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Jarvis Corporation makes an investment in 100 shares of Saxton Company's common stock. The stock is purchased for $40 a share plus brokerage fees of $300. The entry for the purchase is: Cash 4,000 Stock Investments-Saxton Company Stock Investments-Saxton Company 4,000 4,300 Cash Stock Investments -Saxton Company Brokerage Fee Expense 4,300 4,000 300 Cash Stock Investments -Saxton Company 4,300 4,000 Cash 4,000 Held to maturity securities

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