Use the Following Information to Answer Questions

Multiple Choice

Use the following information to answer questions
Wells Inc.reported these transactions relating to marketable Trading Investments intended to generate net income and to be sold in the near term:

-The entry to record the sale of the shares on Oct 1 would include a

A) credit to Trading Investments for $3,800.
B) credit to Realized Gain for $800.
C) credit to Unrealized Gain for $800.
D) debit to Unrealized Gain for $3,800.