S 15-11 (Algo) Accounting for stock investments LO P4 Prepare Riley Company's journal entries to record the following transactions for the current year. April 18 Purchases 470 common shares of XLT Company as a short-term investment at a cost of $59 per share. With this stock investment, Riley has an insignificant influence over XLT. May 30 Receives $1.60 per share from XLT in dividends. View transaction list Journal entry worksheet 1 2 Purchases 470 common shares of XLT Company as a short-term investment at a cost of $59 per share. With this stock investment, Riley has an insignificant influence over XLT. Note: Enter debits before credits. Date April 18 General Journal Debit Credit >