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Roxy Corporation Makes a Short-Term Investment in 180 Shares of Sager

Question 78

Short Answer

Roxy Corporation makes a short-term investment in 180 shares of Sager Company's common stock. The stock is purchased for $53 a share. The entry for the purchase is a.
 Debt Investments 9,540 Cash 9,540\begin{array}{llr} \text { Debt Investments } &9,540\\ \text { Cash } &&9,540\\\end{array}

b.
 Stock Investments 9,540 Cash 9,540\begin{array}{llr} \text { Stock Investments } &9,540\\ \text { Cash } &&9,540\\\end{array}

c.
 Stock Investments 9,047 Cash 9,047\begin{array}{llr} \text { Stock Investments } &9,047\\ \text { Cash } &&9,047\\\end{array}

d.
 Stock Investments 9,000 Cash9,000\begin{array}{llr} \text { Stock Investments } &9,000\\ \text { Cash} &&9,000\\\end{array}

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