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 a. On March 22, purchased 740 shares of RIP Company stock at $16 per share plus ain) $320 brokerage fee. These shares are categorized as trading securities. b. On September 1, received a $3 per share cash dividend on the RIP Company stock purchased in transaction a. c. On October 8, sold 370 shares of RIP Co. stock for $26 per share, less an) $310 brokerage fee. View transaction list View journal entry worksheet No Transaction Debit Credit General Journal Short-term investments-Trading (RIP) Cash 2 Cash Dividend revenue Cash Short-term investments-Trading (RIP) Gain on sale of short-term investments