Prepare Riley Company's journal entries to record the following transactions for the current year. April 18 Purchases 400 common shares of XLT Co. as a short-term investment at a cost of $52 per share. With this stock investment, Riley has an insignificant influence over XLT. May 30 Receives $2.00 per share from XLT in dividends. View transaction list Journal entry worksheet 2 Purchases 400 common shares of XLT Co. as a short-term investment at a cost of $52 per share. With this stock investment, Riley has an insignificant influence over XLT on April 18. Note: Enter debits before credits. General Journal Debit Credit Date Apr 18 Record entry Clear entry View general lournal Prepare Riley Company's journal entries to record the following transactions for the current year. April 18 Purchases 400 common shares of XLT Co. as a short-term investment at a cost of $52 per share. With this stock investment, Riley has an insignificant influence over xt. May 30 Receives $2.00 per share from XLT in dividends. View transaction list Journal entry worksheet