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Required information [The following information applies to the questions displayed below.] a. On March 22, purchased 730 shares of RPI Company stock at $19
Required information [The following information applies to the questions displayed below.] a. On March 22, purchased 730 shares of RPI Company stock at $19 per share. Duke's stock investment results in it having an insignificant influence over RPI. b. On July 1, received a $2 per share cash dividend on the RPI stock purchased in part a. c. On October 8, sold 365 shares of RPI stock for $29 per share. Analyze each transaction above by showing its effects on the accounting equation-specifically, identify the accounts and amounts (including + or -) for each transaction. a. a. b. C C Assets Liabilities + + + +
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