7 ! Part 1 of 3 Required information (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. 1.18 points Skipped April 16 Purchased 3,500 shares of Gem Company stock at $24 per share. July 7 Purchased 2,000 shares of PepsiCo stock at $49 per share. July 20 Purchased 1,000 shares of Xerox stock at $16 per share. August 15 Received a $1.00 per share cash dividend on the Gem Company stock. August 28 Sold 2,000 shares of Gem Company stock at $30 per share. October 1 Received a $2.50 per share cash dividend on the PepsiCo shares. December 15 Received a $1.00 per share cash dividend on the remaining Gem Company shares. December 31 Received a $1.50 per share cash dividend on the PepsiCo shares. eBook The year-end fair values per share are Gem Company, $26; PepsiCo, $46; and Xerox, $13. Print Required: 1. Prepare journal entries to record the preceding transactions and events. (Do not round your intermediate calculations.) References View transaction list Journal entry worksheet Purchased 3,500 shares of Gem Company stock at $24 per share. Note: Enter debits before credits. Date General Journal Debit Credit April 16 Record entry Clear entry View general journal