Question: a . On March 2 2 , purchased 8 1 0 shares of RPI Company stock at $ 1 5 per share. Duke's stock investment

a. On March 22, purchased 810 shares of RPI Company stock at $15 per share. Duke's stock investment results in it
having an insignificant influence over RPI.
b. On July 1, received a $1 per share cash dividend on the RPI stock purchased in part a.
c. On October 8, sold 405 shares of RPI stock for $25 per share.
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.
Journal entry worksheet
On March 22, purchased 810 shares of RPI Company stock at $15 per share.
Duke's stock investment results in it having an insignificant influence over RPI.
Note: Enter debits before credits.
a. On March 22, purchased 810 shares of RPI Company stock

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