On June 1, 2012, Rouge Corp Purchased Noir Corp Common

Multiple Choice

On June 1, 2012, Rouge Corp purchased Noir Corp common shares for $9,300 as a trading investment. Three months later, Rouge sold these shares for $10,000. The entry to record the sale would include a

A) debit to Cash of $9,300.
B) credit to Interest Revenue of $700.
C) credit to Trading Investments of $10,000.
D) credit to Realized Gain on Trading Investments of $700.