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repare Riley Company's journal entries to record the following transactions for the current year. pri1 18 Purchases 430 conmon shares of XLt company an a

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repare Riley Company's journal entries to record the following transactions for the current year. pri1 18 Purchases 430 conmon shares of XLt company an a short-term investrent at a cont of $55 per share. With thin stock investment, Riley bas an insignificant influence over XLT. May 30 Receives $1,20 per share from Xir in dividends. Journal entry worksheet 2 Purchases 430 common shares of XLT Company as a short-term investment at a cost of \$5S per share. With this stock investment, Riley has an insignificant influence over XLT. Note: Enter debits before credits Journal entry worksheet Receives $1.20 per share from XLT in dividends. Note: Enter debits before credits

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