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 receipt of the dividends on June 1 mould include a

A) debit to Share Investments for $£ 6,000$ .
B) credit to Dividend Revenue for 6,000 .
C) debit to Dividend Revenue for $£ 6,000$ .
D) credit to Share Investments for $£ 6,000$ .