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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
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:
a. Debt Investments 4,000
cash 4,000
b. Stock Investments 4,300
cash 4,300
c. Stock Investments 4,000
Brokerage Fee Expense 300
cash 4,300
d. Stock Investments 4,000
cash 4,000
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