Question
a. On March 22, purchased 790 shares of RPI Company stock at $13 per share. Duke's stock investment results in it having an insignificant
a. On March 22, purchased 790 shares of RPI Company stock at $13 per share. Duke's stock investment results in it having an insignificant influence over RPI. b. On July 1, received a $2 per share cash dividend on the RPI stock purchased in part a. c. On October 8, sold 395 shares of RPI stock for $23 per share. 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. View transaction list Journal entry worksheet < 2 3 On March 22, purchased 790 shares of RPI Company stock at $13 per share. Duke's stock investment results in it having an insignificant influence over RPI. Note: Enter debits before credits. Transaction General Journal Debit Credit
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