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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
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 790 shares of RIP Company stock at $30 per share plus a(n) $230 brokerage fee. These shares are categorized as trading securities. b. On September 1, received a $1 per share cash dividend on the RIP Company stock purchased in transaction a. c. On October 8, sold 395 shares of RIP Co. stock for $40 per share, less a(n) $220 brokerage fee. View transaction list Journal entry worksheet On March 22, purchased 790 shares of RIP Company stock at $30 per share plus a(n) $230 brokerage fee. These shares are categorized as trading securities. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal
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