Hardin Park Company Had These Transactions Pertaining to Stock Investments

Multiple Choice

Hardin Park Company had these transactions pertaining to stock investments Feb. 1 Purchased 5,000 shares of Raley Company (10%) for $89,000 cash.
June 1 Received cash dividends of $1 per share on Raley stock.
Oct) 1 Sold 2,000 shares of Raley stock for 39,000.
Dec) 1 Received cash dividends of $2 per share on Reley stock.
The entry to record the purchase of the Raley stock would include a

A) credit to the Stock Investments account for $89,000.
B) credit to Cash for $90,000
C) debit to the Stock Investments account for $89,000.
D) debit to Investment Expense for $1,000.