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Apr. 16 Purchased 3,500 shares of Gem Co. stock at $24 per sharc. July 7 Purchased 2,000 shares of PepsiCo stock at $49 per share.
Apr. 16 Purchased 3,500 shares of Gem Co. stock at $24 per sharc. July 7 Purchased 2,000 shares of PepsiCo stock at $49 per share. 20 Purchased 1,000 shares of Xerox stock at $16 per share. Aug. 15 Received a $1.00 per share cash dividend on the Gem Co. stock. 28 Sold 2,000 shares of Gem Co, stock at $30 per share. Oct. 1 Received a \$2.50 per share cash dividend on the PepsiCo shares. Dec. 15 Received a $1.00 per share cash dividend on the remaining Gem Co, shares. 31 Received a $1.50 per share cash dividend on the PepsiCo shares. Required 1. Prepare journal entries to record the preceding transactions and events. 2. Prepare a table to compare the yearend cost and fair values of Rose's short-term stock investments. The yearend fair values per share are Gem Co., \$26; PepsiCo, \$46; and Xerox, \$13
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