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. Apri1 18 Purchases 460 comon shares of XLT Company as a short-term investment at a cost of $58 per share. With this stock investment, Riley has an insignificant influence over XLT. May 30 Receives $1.50 per share from XLT in dividends. Journal entry worksheet Purchases 460 common shares of XLI Company as a short-term investment at a cost of $58 per share. With this stock investment, Riley has an insignificant influence over XIT. Notes Enter debits 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. Apri1 18 Purchases 460 common shares of XLT Company as a short-term investment at a cost of \$58 per share. With this stoch investment, Riley has an insignificant influence over XLT. May 30 Receives $1.50 per share from XLT in dividends. Journal entry worksheet Receives $1,50 per share from XLT in dividends. Note: Enter debits before credits