A. On March 22, purchased 820 shares of RPI Company stock at $23 per share....
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Accounting
A. On March 22, purchased 820 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 $4 per share cash dividend on the RPI stock purchased in part a.
C. On October 8, sold 410 shares of RPI stock for $33 per share.
Analyze each transaction above by showing its effects on the accounting equationspecifically, identify the accounts and amounts (including + or ) for each transaction.
Assets
=
Liabilities
+
Equity
a
a
b
c
c
Answer & Explanation
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