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l 'nerosowing intormation appies to tne questions aispiayed below. Rose Company had no short-term investments prior to year 2017, lt had the following transactions involving
l 'nerosowing intormation appies to tne questions aispiayed below. Rose Company had no short-term investments prior to year 2017, lt had the following transactions involving short-term investments in available-for-sale securities during 2017 Apr 16 Purchased 4,000 shares of Gem Co. stock at $24.25 per share plus a $180 brokerage fee Hay 1 paid $100,000 to buy 3-nonthu s. Treasury bills (debt se July 7 Purchased 2,000 shares of Pepsico stock at $49.25 per share plus a $175 brokerage fee Aug. 1 Received a check for principal and accrued interest on the U.S. Treasury bills that matured on July curities): $100,000 principle amount, 6% interest, securities mature on July 31 20 Purchased 1,000 shares of Xerox stock at $16.75 per share plus a s205 brokerage fee, 31 15 Received an $0.85 per share cash dividend on the Gon Co. stock 28 Sold 2,000 shares of Gen Co. stock at $30 per share less a $225 brokerage fee. Oct. 1 Received a $1.90 per share cash dividend on the Pepsico shares Dec. 15 Received a $1.05s per share cash dividend on the remaining Gen Co. shares 31 Received a $1.30 per share cash dividend on the Pepsico shares. Problem 15-2A Part 1 Required 1. Prepare journal entries to record the preceding transactions and events. (If no entry is required for a transaction/event, select "N journal entry required" in the first account field.)
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