a. On March 22, purchased 720 shares of RPI Company stock at $18 per share....
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Accounting
a On March purchased shares of RPI Company stock at $ per share. Duke's stock investment results in it having an insignificant influence over RPI.
b On July received a $ per share cash dividend on the RPI stock purchased in part a
c On October sold shares of RPI stock for $ per share.
Exercise Algo Accounting for stock investments with insignificant influence LO P
Prepare journal entries to record the given transactions involving the shortterm stock investments of Duke Company, all of which occurred during the current year.
Journal entry worksheet
On March purchased shares of RPI Company stock at $ per share. Duke's stock investment results in it having an insignificant influence over RPI.
Note: Enter debits before credits.
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