D 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. 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. The year-end fair values per share are Gem Company, $26; PepsiCo, $46; and Xerox, $13. Required: Prepare journal entries to record the preceding transactions and events. (Do not round your intermediate calculations.) Journal entry worksheet < 1 2 3 4 5 6 7 8 Purchased 3,500 shares of Gem Company stock at $24 per share. Note: Enter debits before credits. Date April 16 General Journal Debit Credit Record entry Clear entry View general journal < 2 3 4 5 6 7 8 > Purchased 2,000 shares of PepsiCo stock at $49 per share. Note: Enter debits before credits. Date July 07 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 5 6 7 8 Purchased 1,000 shares of Xerox stock at $16 per share. Note: Enter debits before credits.. Date July 20 General Journal Debit Credit Record entry Clear entry View general journal V 2 3 4 5 6 7 8 Received a $1.00 per share cash dividend on the Gem Company stock. Note: Enter debits before credits. Date General Journal Debit Credit Sold 2,000 shares of Gem Company stock at $30 per share. Note: Enter debits before credits. Date August 28 General Journal Debit Cred < 2 3 6 7 8 Received a $2.50 per share cash dividend on the PepsiCo shares. Note: Enter debits before credits. Date October 01 General Journal Debit Credit Journal entry worksheet < 1 2 3 4 5 9 7 8 Received a $1.00 per share cash dividend on the remaining Gem Company shares. Note: Enter debits before credits. Date General Journal Dehit Credit Received a $1.50 per share cash dividend on the PepsiCo shares. Note: Enter debits before credits. Date December 31 General Journal Debit Credit