Business, 10.03.2020 02:04 brittanysanders
On April 18, Riley Co. made a short-term investment in 440 common shares of XLT Co. The purchase price is $56 per share and the broker's fee is $390. The intent is to actively manage these shares for profit. On May 30, Riley Co. receives $1.30 per share from XLT in dividends.
a. Prepare the April 18 and May 30 joumal entries to record these transactions.
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On April 18, Riley Co. made a short-term investment in 440 common shares of XLT Co. The purchase pri...
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