QS 1511 (Algo) Accounting for stock investments LO P4 Prepare Riley Company's journal entries to record the following transactions for the current year. April 18 Purchases 450 comnon shares of XLT Conpany as a short-tern investnent at a cost of 557 per share. With this stock investment, Riley has an insignificant influence over. XLT. May 30 Receives $1.40 per share fron XLT in dividends. Journal entry worksheet Purchases 450 common shares of XIT Company as a short-term investment at a cost of $57 per share. With this stock investment, Riley has an insignificant. influence over XLT. Note Enter debts before credits. QS 15-11 (Algo) Accounting for stock investments LO P4 Prepare Riley Company's journal entries to record the following transactions for the current year. April 18 Purchases 450 comoon shares of XLT Company as a short-term investment at.a cost of $57 per share. With this stock investment, Riley has an insignificant influence over XLT. May 30 Receives 51.40 per share fron XLT in dividends. Journal entry worksheet Receives $1.40 per share from XET in dividends. Wote: Enter debats before credts