Business, 28.11.2019 04:31 sashllely563
On april 18, riley co. made a short-term investment in 300 common shares of xlt co. the purchase price is $42 per share and the broker’s fee is $250. the intent is to actively manage these shares for profit. on may 30, riley co. receives $1 per share from xlt in dividends. prepare the april 18 and may 30 journal entries to record these transactions.
april 18 short-term investments—trading (xlt) ?
cash ?
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On april 18, riley co. made a short-term investment in 300 common shares of xlt co. the purchase pri...
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