QS 15-11 (Static) Accounting for stock investments LO P4 Prepare Riley Company's journal entries to record the following transactions for the current year. April 18 Purchases 300 common shares of XLT Company as a short-term investment at a cost of $42 per share. With this stock investment, Riley has an insignificant influence over XLT. May 30 Receives $1 per share from XLT in dividends. View transaction list Journal entry worksheet 2 here to search Purchases 300 common shares of XLT Company as a short-term investment at a cost of $42 per share. With this stock investment, Riley has an insignificant influence over XLT. Note: Enter debits before credits Date Andi 10 General Journal Debit Credit > < Pix of 21 Next > BOMCO DOLL 80F Heavy t-storms