Business, 13.03.2020 21:36 samwamooo

Prepare journal entries to record the following transactions involving the short-term stock investments of Duke Co., all of which occurred during the current year. a. On March 22, purchased 790 shares of RPI Company stock at $15 per share. Duke's stock investment results in it having an insignificant influence over RPI. b. On July 1, received a $4 per share cash dividend on the RPI stock purchased in part a. c. On October 8, sold 395 shares of RPI stock for $25 per share.

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Prepare journal entries to record the following transactions involving the short-term stock investme...

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