1.Prepare journal entries to record the preceding transactions and events.

[The following information applies to the questions displayed below.] Rose Company had no short-term investments prior to this year. It had the following transactions this year involving short- term stock investments with insignificant influence. April 16 Purchased 6,000 shares of Gem Company stock at $26.00 per share. July 7 Purchased 3,000 shares of PepsiCo stock at $51.00 per share. Purchased 1,500 shares of Xerox stock $15.00 per share July 20 August 15 Received a $0.80 per share cash dividend on the Gem Company stock. August 28 Sold 3,000 shares of Gem Company stock at $32.75 per share. October 1 $1.60 per December 15 $0.95 per share cash dividend on the remaining Gem Company shares. December 31 Received a $1.20 per share cash dividend on the PepsiCo shares. Received a share cash dividend on the PepsiCo shares. Received a The year-end fair values per share are Gem Company, $28.25; PepsiCo, $48.25; and Xerox, $12.00. Problem 15-4A (Algo) Part 1 Required: 1. Prepare journal entries to record the preceding transactions and events. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 Purchased 6,000 shares of Gem Company stock at $26.00 per share. >