Prepare Riley Company's journal entries to record the following transactions for the current year.

April $18$ Purchases $470$ common shares of XLT Company as a short$-$term investment at a cost of $$59$ per share. With this stock investment, Riley has an insignificant influence over XLT$.$

May $30$ Receives $$1\mathrm{.}60$ per share from XLT in dividends.

Journal entry worksheet

$1$

$2$

Purchases $470$ common shares of XLT Company as a short$-$term investment at a cost of $$59$ per share. With this stock investment, Riley has an insignificant influence over XLT$.$

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$April $18,,,],[,,,],[,,,],[,,,]]$