Blaine Company had these transactions pertaining to stock investments: Feb. 1 Purchased 2,000 shares of Horton Company for cash. June 1 Received cash dividends of per share on Horton stock. Oct. 1 Sold 1,200 shares of Horton stock for . The entry to record the purchase of the Horton stock would include a
A) debit to Stock Investments for $45,900.
B) credit to Cash for $45,900.
C) debit to Stock Investments for $51,000.
D) debit to Investment Expense for $5,100.
Correct Answer:
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