JPIndustries Purchased 2,000 Shares of Yang's Common Stock for $143,000

Multiple Choice

J.P.Industries purchased 2,000 shares of Yang's common stock for $143,000 as a long-term investment.The investment is classified as available-for-sale securities.The par value of the stock was $1 per share.J.P.paid $375 in commissions on the transaction.J.P.'s entry to record the purchase transaction would include a:

A) Credit to Common Stock for $2,000.
B) Credit to Common Stock for $143,000.
C) Credit to Common Stock for $143,375.
D) Debit to Long-Term Investments-AFS for $143,000.
E) Debit to Long-Term Investments-AFS for $143,375.