A Purchase of Common Stock of Blue Wave Corporation for $14,500

Multiple Choice

A purchase of common stock of Blue Wave Corporation for $14,500 was sold three months later for $15,000. The entry to record the sale would include a

A) debit to Cash of $14,500.
B) credit to Gain on Sale of Stock Investments of $500.
C) credit to Stock Investments of $15,000.
D) credit to Interest Revenue of $500.