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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 o.

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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 o. On March 22 purchased 850 shares of RPI Company stock at $26 per share. Duke's stock investment results in it having an insignificant influence over RPL b. On July 1, received a $4 per share cash dividend on the RPI stock purchased in part a c. On October 8, sold 425 shares of RPI stock for $36 per share

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