Cronie Enterprises Purchased 10,000 Shares of Stock in Vector Corporation

Cronie Enterprises purchased 10,000 shares of stock in Vector Corporation for $15 per share.Cronie's broker arranged for Cronie to pay only $4 cash per share at the date of purchase with the remaining balance to be paid in monthly installments. Cronie should record the investment by:

A) debiting the investment account for $40,000.
B) debiting the investment account for $150,000.
C) debiting the investment account for $100,000,and crediting a contra account for $60,000.
D) not making an entry until the cost of the securities is paid in full.