A company purchases 1,000 shares of ABC Corporation for $123,000 and management considers this investment to be securities available for sale. The entry to record the acquisition of the securities would include:
a) A debit to Cash for $123,000.
b) A debit to Securities available for Sale for $123,000.
c) A credit to Securities available for Sale for $123,000.
d) A credit to Common Stock for $123,000.