Exercise-8

Required Information [The following information applies to the questions displayed below.] a. On March 22, purchased 820 shares of RPI Company stock at $19 per share. Duke's stock investment results in it having an insignificant influence over RPI. b. On July 1, recelved a $3 per share cash dividend on the RPI stock purchased in part a. c. On October 8, sold 410 shares of RPI stock for $29 per share. Prepare joumal entries to record the given transactions involving the short-term stock investments of Duke Company, all of which occurted during the current year. Journal entry worksheet On March 22, purchased 820 shares of RPI Company stock at $19 per share. Duke's stock investment results in it having an insignificant influence over RPI. Foter Roter debits before eredits. Required information [The following information applies to the questions displayed below.] a. On March 22, purchased 820 shares of RPI Company stock at $19 per share. Duke's stock investment results in it having an insignificant influence over RPI. b. On July 1, recelved a $3 per share cash dividend on the RPI stock purchased in part a. c. On October 8, sold 410 shares of RPI stock for $29 per share. Tepare joumal 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 July 1 , recelved a $3 per share cash dividend on the RpI stock purchased in part a. Ninte Enfec deties beforn orndis. Required Information [The following information applies to the questions displayed below.] a. On March 22, purchased 820 shares of RPI Company stock at $19 per share. Duke's stock investment results in it having an insignificant influence over RP. b. On July 1, recelved a $3 per share cash dividend on the RPI stock purchased in part a c. On October 8 , sold 410 shares of RPI stock for $29 per share. repare journal entries to record the given transactions involving the short-term stock investinents of Duke Company, all of which ccurred during the current year. Journal entry worksheet On October 8, sold 410 shares of RPI stock for $29 per share. Pose fenter debits bet ocu credis