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Question 1 (of 6) 8.33 points Exerclse 15-2 Accounting for short-term trading securtles LO P Prepare journal entries to record the following transactions involving the

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Question 1 (of 6) 8.33 points Exerclse 15-2 Accounting for short-term trading securtles LO P Prepare journal entries to record the following transactions involving the short-term securities investments of Duke Co all of which occurred during year 2015. a. On March 22, purchased 890 shares of RIP Company stock at $18 per share plus an $160 brokersge fee These shares are categorized as trading securities b. On September 1, received a $2 per share cash dividend on the RIP Company stock purchased in c. On October 8, sold 445 shares of RIP Co. stock for $28 per share, less a $150 brokerage fee transaction a View transaction list Journal entry worksheet On March 22, purchased 890 shares of RIP Company stock at $18 per share plus a $160 brokerage fee. These shares are categorized as trading securities Note Enter debits before credits Debit Credit General Journal View general journal Clear entry Record entry

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