[Solved] You invest in the stock of Rayleigh Corp. and write a call option on Rayleigh Corp. This strategy is called a ________. A) covered call B) long straddle C) naked call D) money spread Cash Sales: Transactions in which goods or services are paid for and received at the time of the sale, using cash or equivalent. Sales Taxes: Taxes imposed by governments on the sale of goods and services. Journal Entry: A record in accounting that notes transactions and changes in financial statements. Net Pay: The amount of money an employee takes home after all deductions, such as taxes and benefits, are taken out of their gross salary.