Prepare Riley Company's journal entries to record the following transactions for the current year. April 18 Purchases 550 common shares of XLT Company as a short-term investment at a cost of $67 per share. With this stock investment, Riley has an insignificant influence over XLT. May 30 Receives $1.30 per share from XLT in dividends. View transaction list Journal entry worksheet 1 2 Purchases 550 common shares of XLT Company as a short-term investment at a cost of $67 per share. With this stock investment, Riley has an insignificant influence over XLT. Note: Enter debits before credits General Journal Debit Credit Date April 18 Record entry Clear entry View general journal Journal entry worksheet < 1 2 Receives $1.30 per share from XLT in dividends. Note: Enter debits before credits. Date General Journal May 30 Record entry Clear entry Credit View general journal Debit