Accounting Help-For accounting Genius only

For accounting Genius

 

Prepare journal entries to record the following transactions involving the short-term securities investments of Duke Co., all of which occurred during year 2013.

  
 

 

a.

On March 22, purchased 780 shares of RIP Company stock at $26 per share plus a $260 brokerage fee. These shares are categorized as trading securities.

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