Premier Services, Inc B) C) D) $$\begin{array} { | l | l | l | } \hline \text { Cash } & 1,350,000 & \\\hline \text { Revenue from Investments } & & 1,350,000 \\\hline\end{array}$$

Premier Services, Inc. pays $1,350,000 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) $$\begin{array} { | l | l | l | } \hline \text { Equity Investments-Blue Investments, Inc. } & 1,350,000 & \\\hline \text { Cash } & & 1,350,000 \\\hline\end{array}$$
B) $$\begin{array} { | l | l | l | } \hline \text { Common Stock Holdings-Blue Investments, Inc. } & 1,350,000 & \\\hline \text { Cash } & & 1,350,000 \\\hline\end{array}$$
C) $$\begin{array} { | l | l | l | } \hline \text { Cash } & 1,350,000 & \\\hline \text { Equity Investments-Blue Investments, Inc. } & & 1,350,000 \\\hline\end{array}$$
D) $$\begin{array} { | l | l | l | } \hline \text { Cash } & 1,350,000 & \\\hline \text { Revenue from Investments } & & 1,350,000 \\\hline\end{array}$$