Jarvis corporation makes an investment in 100 shares of saxton company's common stock. the stock is purchased for $45 a share plus brokerage fees of $280. the entry for the purchase is
a. cash4,500 investments—saxton company stock4,500
b. investments—saxton company stock4,780 cash4,780
c. investments—saxton company stock4,500 brokerage fee expense280 cash4,780
d. investments—saxton company stock4,500 cash4,500
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Ответ:
b. Investments—Saxton Company Stock4,780 Cash 4,780
Explanation:
answer is D, we will increase the investment value with the brokerage cost since it is a cost incurred to acquire the assets, in this case that is shares.
Ответ:
answer is C
Explanation: