Nagen Company Had These Transactions Pertaining to Share Investments:
$£ 49,800$

Nagen Company had these transactions pertaining to share investments:

Feb. 1 Purchased 3,000 shares of Horton Company (10\%) for $£ 49,800$ cash plus brokerage fees of $£ 1,200$ .
June 1 Received cash dividends of $£ 2$ per share on Horton shares.
Oct. 1 Sold 1,200 Horton shares for $£ 24,000$ less brokerage fees of $£ 600$ .

The entry to record the purchase of the Horton shares mould include a

A) debit to Share Investments for $£ 49,800$ .
B) credit to Cash for $£ 49,800$ .
C) debit to Share Investments for 51,000 .
D) debit to Investment Expense for 1,200 .