Help Save & Chec Prepare Riley Company's journal entries to record the following transactions for the current year. April 18 Purchases 300 common shares of XLT Co. as a short-ters investeent at a cost of 142 per share. With this stock investment, Riley has an insignificant influence over XLT. May 30 Receives $1 per share from XLT in dividends. View transaction list Journal entry worksheet Purchases 300 common shares of XLT Co. as a short-term investment at a cost of $42 per share. With this stock investment, Riley has an insignificant influence over XLT on April 18. Note: Enter debits before credits General Journal Debit Credit Apr 16 Next > Prepare Riley Company's journal entries to record the following transactions for the current year. April 18 Purchases 300 common shares of XLT Co. as a short-term investment at a cost of $4 investment, Riley has an insignificant influence over XLT. May 30 Receives $1 per share from XLT in dividends. View transaction list Journal entry worksheet Receives $1 per share from XLT in dividends on May 30. Note: Enter debits before credits. General Journal Debit Credit Date May 30