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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 $26 per share plus an) $230 brokerage fee. These shares are categorized as trading securities. b. On September 1, received a $2 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 $36 per share, less a(n) $220 brokerage fee. View transaction list Journal entry worksheet
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