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 810 shares of RPI Company stock at $26 per share. Duke's stock investment results in it having an insignificant influence over RPI. b. On July 1, received a $4 per share cash dividend on the RPI stock purchased in part a. c. On October 8, sold 405 shares of RPI stock for $36 per share. View transaction list Journal entry worksheet 1 2 3 On March 22, purchased 810 shares of RPI Company stock at $26 per share. Duke's stock investment results in it having an insignificant influence over RPI. Note: Enter debits before credits. Transaction General Journal Debit Credit repare journal entries to record the following transactions involving the short-term stock investments of Duke Co., all of ccurred during the current year. On March 22, purchased 810 shares of RPI Company stock at $26 per share. Duke's stock investment results in it havin nsignificant influence over RPI. . On July 1, received a $4 per share cash dividend on the RPI stock purchased in part a. . On October 8, sold 405 shares of RPI stock for $36 per share. View transaction list Journal entry worksheet a. On March 22, purchased 810 shares of RPI Company stock at $26 per share. Duke's stock investment results in it hav insignificant influence over RPI. b. On July 1, received a $4 per share cash dividend on the RPI stock purchased in part a. c. On October 8, sold 405 shares of RPI stock for $36 per share. View transaction list Journal entry worksheet
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