Prepare journal entries to record the following transactions involving the short-term securities investments of Duke...
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Accounting
Prepare journal entries to record the following transactions involving the short-term securities investments of Duke Co., all of which occurred during year 2017. a. On March 22, purchased 880 shares of RIP Company stock at $19 per share plus a(n) $210 brokerage fee. These shares are categorized as trading securities. b. On September 1, received a $1 per share cash dividend on the RIP Company stock purchased in transaction a. c. On October 8, sold 440 shares of RIP CO. stock for $29 per share, less a(n) $200 brokerage fee. Journal entry worksheet
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