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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. 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 760 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 380 shares of RPI stock for $36 per share. View transaction Mat Journal entry worksheet
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