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 4,000Cash 4,000
B) Stock Investments 4,300Cash 4,300
C) Stock Investments 4,000Brokerage Fee Expense 300Cash 4,300
D) Stock Investments 4,000Cash 4,000
B
Business
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