Roxy Corporation makes a short-term investment in 180 shares of Sager Company's common stock. The stock is purchased for $53 a share. The entry for the purchase is a.
$\begin{array}{llr}\text{ Debt Investments }& 9,540& \\ \text{ Cash }& & 9,540\end{array}$

b.
$\begin{array}{llr}\text{ Stock Investments }& 9,540& \\ \text{ Cash }& & 9,540\end{array}$

c.
$\begin{array}{llr}\text{ Stock Investments }& 9,047& \\ \text{ Cash }& & 9,047\end{array}$

d.
$\begin{array}{llr}\text{ Stock Investments }& 9,000& \\ \text{ Cash}& & 9,000\end{array}$

Short-Term Investment

An investment expected to be converted into cash, sold, or exchanged within a short time frame, typically within a year.

Stock Investments

Financial assets consisting of shares in companies, representing ownership and possibly entitling the shareholder to dividends.

Debt Investments

Financial assets involving the loan of money by an investor to a borrower, typically with the expectation of receiving interest income in addition to principle repayment.