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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 870 shares of RIP Company stock at $24 per share plus a(n) $180 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 435 shares of RIP Co. stock for $34 per share, less a(n) $170 brokerage fee. View transaction list Journal entry worksheet 1 2 3 > On March 22, purchased 870 shares of RIP Company stock at $24 per share plus a(n) $180 brokerage fee. These shares are categorized as trading securities. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal View transaction list Journal entry worksheet 1 2 3 > On September 1, received a $3.00 per share cash dividend on the RIP Company stock purchased in transaction a. Note: Enter debits before credits. Transaction General Journal Debit Credit b. Record entry Clear entry View general journal Journal entry worksheet On October 8, sold 435 shares of RIP Co. stock for $34 per share, less a(n) $170 brokerage fee. Note: Enter debits before credits. Transaction General Journal Debit Credit C. Record entry Clear entry View general journal
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