Premier Services, Inc. pays $1,550,000 to acquire 38% of voting stock of Blue Investments, Inc. on March 5, 2019. Which of the following is the correct journal entry for the transaction?

A.

Common Stock Holdingslong dashBlue Investments, Inc.	1,550,000
Cash		1,550,000

B.

Cash	1,550,000
Equity Investmentslong dashBlue Investments, Inc.		1,550,000

C.

Cash	1,550,000
Revenue from Investments		1,550,000

D.

Equity Investmentslong dashBlue Investments, Inc.	1,550,000
Cash