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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

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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 March 22, purchased 780 shares of RIP Company stock at $29 per share plus a(n) $340 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 390 shares of RIP Co. stock for $39 per share, less a(n) $330 brokerage fee. View transaction list Journal entry worksheet 1 2 On March 22, purchased 780 shares of RIP Company stock at $29 per share plus a(n) $340 brokerage fee. These shares are categorized as trading securities Note: Enter debits before credits. General Journal Transaction Debit Credit a Record entry Clear entry View general journal On March 22, purchased 780 shares of RIP Company stock at $29 per share plus a(n) $340 brokerage fee. categorized as trading securities. 1 These shares are On September 1, received a $3.00 per share cash dividend on the RIP Company stock purchased in 2 transaction a On October 8, sold 390 shares of RIP Co. stock for $39 3 per share, less a(n) $330 brokerage fee

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