$(11$HV$)$

OS C$-11($Algo$)$ Accounting for stock investments LO P$4$

Prepare Riley Company's journal entries to record the following tramactions for the curem year.

Aprill if Purchaset $$30$ conmon shares of XLT Company as a short$-$tern imvestaent at a cest of $044$ per share. With this stack imvestant, Riley has an insignificant influence over xis.

Kary $38$ Recelves $$1\mathrm{.}06$ per share fros mit in dividends.

Journal entry worksheet

$1$

$2$

$*$

Rurchases $520$ common shares of Xat Compary as a short$-$term imeenteent of a oevt of $$54$ per share. Wih this stock investement, Rliey has an imignificart inhierve ever XIT.

Neise Erier detas mikre orefas.

$\backslash$table$[[$Date$,$Oeneral dearnal,D $13,$Creat$],[$Apll $11,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$

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