Question: Please read the whole problem and answer parts a, b, and c. a. On March 22, purchased 790 shares of RPI Company stock at $26

Please read the whole problem and answer parts a, b, and

Please read the whole problem and answer parts a, b, and c.

a. On March 22, purchased 790 shares of RPI Company stock at $26 per share. Duke's stock investment results in it having an insignificant influence over RPI. b. On July 1, received a $2 per share cash dividend on the RPI stock purchased in part a. c. On October 8, sold 395 shares of RPI stock for $36 per share. Exercise 15-8 (Algo) Accounting for stock investments with insignificant influence LO P4 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. View transaction list Journal entry worksheet 2 3 > On October 8, sold 395 shares of RPI stock for $36 per share. Note: Enter debits before credits. Transaction General Journal Credit Debit 14,220 C. Cash Stock investments 10,270 3,950 Gain on sale of stock investments

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