Prepare Riley Company's journal entries to record the following transactions for the current year. April 18 Purchases 520 common shares of XLT Co. as a short-term investment at a cost of $64 per share. With this stock investment, Riley has an insignificant influence over XLT. May 30 Receives $1.00 per share from XLT in dividends. View transaction list Journal entry worksheet 1 2 Purchases 520 common shares of XLT Co. as a short-term investment at a cost of $64 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