Exercise 15-2 Accounting for short-term trading securities LO P1 Prepare journal entries to record the following transactions involving the short-term securities Investments of Duke Co., all of which occurred during year 2017 2. On March 22. purchased 740 shares of RIP Company stock at $25 per share plus a(n) $280 brokerage fee. These shares are categorized as trading securities b. On September 1, received a $2 per share cash dividend on the RIP Company stock purchased in transaction o. c. On October 8, sold 370 shares of RIP Co stock for $35 per share, less an) $270 brokerage fee. Answer is complete but not entirely correct. No Transaction Debit Credit 1 General Journal Short-term investments-Trading (RIP) Cash 18.780 18.780 2 1.480 Cash Dividend revenue 1.400 00 OOO a c 12.030 Cash Short-term investments-Trading (RIP) Gain on sale of short-term investments 7.900 4.005 >