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On August 1 , Bramble Company buys 5 0 0 0 shares of ABD common stock for $ 1 8 1 2 5 0 cash.

On August 1, Bramble Company buys 5000 shares of ABD common stock for $181250 cash. On December 1, the stock investments are sold for $187500 in cash. Which of the following are the correct journal entries to record for the purchase and sale of the common stock?
Aug. 1 Cash
181250
Stock Investments
181250
Dec. 1 Stock Investments
187500
Cash
181250
Gain on Sale of Stock Investments
6250
Aug. 1 Stock Investments
181250
Cash
181250
Dec. 1
Cash
187500
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