On March 2 2 , purchased 8 0 0 shares of RPI Company stock at $ 1
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Question:
On March purchased shares of RPI Company stock at $ per share. Duke's stock investment results in it having an insignificant influence over RPI.
On July received a $ per share cash dividend on the RPI stock purchased in part a
On October sold shares of RPI stock for $ per share.
Prepare journal entries to record the given transactions involving the shortterm stock investments of Duke Company, all of which occurred during the current year.
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