Prepare Riley Company's journal entries to record the following transactions for the current year. April 18 Purchases 480 common shares of XLT Co. as a short-term investment at a cost of $60 per share. With this stock investment, Riley has an insignificant influence over XLT. May 30 Receives $1.70 per share from XLT in dividends. View transaction list Journal entry worksheet 1 1 2 Purchases 480 common shares of XLT Co. as a short-term investment at a cost of $60 per share. With this stock investment, Riley has an insignificant influence over XLT on April 18. Note: Enter debits before credits. Date General Journal Debit Credit Apr 18 Record entry Clear entry View general Journal View transaction list Journal entry worksheet