Jarvis Corporation Makes an Investment in 100 Shares of Saxton

question 112

Multiple Choice

Jarvis Corporation makes an investment in 100 shares of Saxton Company's common stock. The stock is purchased for $45 a share plus brokerage fees of $280. The entry for the purchase is ?

• A) Cash 4,500
• Investments-Saxton Company Stock 4,500
• B) Investments-Saxton Company Stock 4,780
• Cash 4,780
• C) Investments-Saxton Company Stock 4,500
• Brokerage Fee Expense 280
• Cash 4,780
• D) Investments-Saxton Company Stock 4,500
• Cash 4,500