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Required information [The following information applies to the questions displayed below] a. On March 22, purchased 810 shares of RPI Company stock at $14
Required information [The following information applies to the questions displayed below] a. On March 22, purchased 810 shares of RPI Company stock at $14 per share. Duke's stock investment results in it having an insignificant influence over RPL b. On July 1, received a $4 per share cash dividend on the RPI stock purchased in part a c. On October 8, sold 405 shares of RPI stock for $24 per share. Prepare journal entries to record the given transactions involving the short-term stock investments of Duke Company, all of which occurred during the current year. View transaction list 1 On March 22, purchased 810 shares of RPI Company stock at $14 per share. Duke's stock investment results. in it having an insignificant influence over RPI. 2 On July 1, received a $4 per share cash dividend on the RPI stock purchased in part a. 3 On October 8, sold 405 shares of RPI stock for $24 per share. journal entry has been entered Note: Record entry share. over RP1. Credit Clear entry View general journal
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