Prepare journal entries to record the following transactions involving the short term stock investments of...
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Prepare journal entries to record the following transactions involving the short term stock investments of Duke Cowl of which occurred during the current year a. On March 22. purchased 770 shares of RPI Company stock at $23 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 385 shares of RPI stock for $33 per share. View transaction list Journal entry worksheet Prev 24 of 31
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