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Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] a. On March 22, purchased 750
Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] a. On March 22, purchased 750 shares of RPI Company stock at $17 per share. Duke's stock investment results in it having an insignificant influence over RPI. b. On July 1, received a $3 per share cash dividend on the RPI stock purchased in part a. c. On October 8, sold 375 shares of RPI stock for $27 per share. Exercise 15-8 (Algo) Accounting for stock investments with insignificant influence LO P4 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 Journal entry worksheet 1 2 3 On March 22, purchased 750 shares of RPI Company stock at $17 per share. Duke's stock investment results in it having an insignificant influence over RPI. 13
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