a$.$ On March $22,$ purchased $860$ shares of RPI Company stock at $$29$ per share. Duke's stock investment results in it having an insignificant influence over RPI.

b$.$ On July $1,$ received a $$3$ per share cash dividend on the RPI stock purchased in part a$.$

c$.$ On October $8,$ sold $430$ shares of RPI stock for $$39$ per share.

Exercise $15-8($Algo$)$ Accounting for stock investments with insignificant influence LO P$4$

Prepare journal entries to record the given transactions involving the short$-$term stock investments of Duke Company, all of which occurred during the current year.

Journal entry worksheet

On March $22,$ purchased $860$ shares of RPI Company stock at $$29$ per share.

Duke's stock investment results in it having an insignificant influence over RPI.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[$a$.,,,],[,,,]]$