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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 840 shares of RIP Company stock at $18 per share plus a(n) $260 brokerage fee. These shares are categorized as trading securities. b. On September 1, received a $3 per share cash dividend on the RIP Company stock purchased in transaction a. c. On October 8, sold 420 shares of RIP Co. stock for $28 per share, less a(n) $250 brokerage fee. View transaction list Journal entry worksheet Record the fair vale adjustment for the securities at December 31, 2017. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2017 Record entry Clear entry View general journal
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