Prepare Riley Company's journal entries to record the following transactions for the current year. April 18 Purchases 500 common shares of XLT Company as a short-term investment at a cost of $62 per share. With this stock investment, Riley has an insignificant influence over XLT. May 30 Receives $1.90 per share from XLT in dividends. Journal entry worksheet Purchases 500 common shares of XLT Company as a short-term investment at a cost of $62 per share. With this stock investment, Riley has an insignificant influence over XLT. Note: Enter debits before credits. Journal entry worksheet Purchases 500 common shares of XLT Company as a short-term investment at a cost of $62 per share. With this stock investment, Riley has an insignificant influence over XLT. Note: Enter debits before credits