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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 < 2 1 On March 22, purchased 800 shares of RPI Company stock at $25 per share. Duke's stock investment results in it having an insignificant influence over RPI. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal
View transaction list Journal entry worksheet < 1 2 3 On July 1, received a $2 per share cash dividend on the RPI stock purchased in part a. Note: Enter debits before credits. General Journal Debit Credit Transaction b. Record entry Clear entry View general journal
View transaction list Journal entry worksheet < 1 2 3 > On October 8, sold 400 shares of RPI stock for $35 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit c. Record entry Clear entry View general Journal