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ces 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.

ces 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 3,500 shares of Gem Company stock at $24 per share. July 7 July 20 August 15 August 28 October 1 December 15 December 31 Purchased 2,000 shares of PepsiCo stock at $49 per share. Purchased 1,000 shares of Xerox stock at $16 per share. Received a $1.00 per share cash dividend on the Gen Company stock. Sold 2,000 shares of Gem Company stock at $30 per share. Received a $2.50 per share cash dividend on the PepsiCo shares. Received a $1.00 per share cash dividend on the remaining Gem Company shares. Received a $1.50 per share cash dividend on the PepsiCo shares. Requirement General Journal General Ledger Trial Balance Fair Value Adj Transaction Analysis Fin St Impact For each transaction, Indicate the change, if any, in total assets and total equity. If equity changes, indicate whether the change was reflected as a component of net income, or directly within the stockholders' equity portion of the balance sheet. Remember that the change in total assets must agree with the change in total equity. Apr. 16) Purchased 3,500 shares of Gem Co. stock at $24 per share. Jul. 71 Purchased 2.000 shares of PepsiCo stock at $49 per share. Change In As a net income Change in equity: As a direct stockholders' equity Total assets component of component of Total change In equity 0 Show less A reriected as a component or net income, or directly within the stocnoiders' equity portion or the balance sneet. emember that the change in total assets must agree with the change in total equity. Jul. 7) Purchased 2,000 shares of PepsiCo stock at $49 per share. Jul. 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. Change In As a direct Total assets ook As a component of net income Change In equity: component of Total change stockholders' int Apr. 16) Purchased 3,500 shares of Gem Co. stock at $24 per share. ences In equity equity $ 0 0 0 0 0 0 0 0 0 $ 0 $ 0 $ 0 $ 0 < Fair Value Adj Fin St Impact > stock Aug. 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. Dec. 31) Received a $1.50 per share cash dividend on the PepsiCo shares Dec. 31) Adjusted the securities to year-end fair value. Totals Show less

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