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Jarvis Corporation makes an investment in 100 shares of Saxton Company's common stock. The stock is purchased for $45 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 $45 a share plus brokerage fees of $280. The journal entry for the purchase is

a.

InvestmentsSaxton Company Stock 4,500
Brokerage Fee Expense 280
Cash 4,780

b.

InvestmentsSaxton Company Stock 4,500
Cash 4,500

c.

Cash 4,500
InvestmentsSaxton Company Stock 4,500

d.

InvestmentsSaxton Company Stock 4,780
Cash 4,780

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