Question
Prepare journal entries to record the following transactions involving the short-term stock investments of Duke Co., all of which occurred during the current year. a.
Prepare journal entries to record the following transactions involving the short-term stock investments of Duke Co., all of which occurred during the current year. a. On March 22, purchased 860 shares of RPI Company stock at $28 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 430 shares of RPI stock for $38 per share.
- On March 22, purchased 860 shares of RPI Company stock at $28 per share. Duke's stock investment results in it having an insignificant influence over RPI.
Note: Enter debits before credits.
|
- On July 1, received a $2 per share cash dividend on the RPI stock purchased in part a.
Note: Enter debits before credits.
|
- On October 8, sold 430 shares of RPI stock for $38 per share.
Note: Enter debits before credits.
|
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The Marketing Audit Translating Marketing Theory Into Practice The Marketing Series
Authors: Malcolm McDonald
1st Edition
0750600896, 978-0750600897
