prepare journal entries to record the preceding transactions and events for part 1.
par 2 prepare a table to compare the year end cost in fear values of Roses short term investments.
part 3 prepare an adjusting entry if necessary to record the year and fear values adjustment for the portfolio
Required information [The following information applies to the questions displayed below. Rose Company had no short-term investments prior to year 2017. It had the following transactions involving short-term investments in available-for-sale securities during 2017. Apr. 16 Purchased 10,000 shares of Gem Co. stock at $30.00 per share plus a $460 May 1Paid $300,000 to buy 3-month U.S. Treasury bills (debt securities): $300,000 July 7 Purchased 5,000 shares of Pepsico stock at $49.00 per share plus a $430 brokerage fee principal amount, 5% interest, securities mature on July 31 brokerage fee fee 20 Purchased 2,500 shares of Xerox stock at $19.00 per share plus a $510 brokerage Aug. 1Received a check for principal and accrued interest on the U.S. Treasury bills that matured on July 31 15 Received an $.80 per share cash dividend on the Gem Co. stock 28 Sold 5,000 shares of Gem Co. stock at $36-75 per share less a $550 brokerage fee Oct. 1Received a $1.80 per share cash dividend on the Pepsico shares Dec. 15 Received a .95 per share cash dividend on the remaining Gem Co. shares 31 Received a $1.35 per share cash dividend on the Pepsico shares Required: 1. Prepare journal entries to record the preceding transactions and events. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 3 45 6 789 10 > Required information [The following information applies to the questions displayed below.] Rose Company had no short-term investments prior to year 2017. It had the following transactions involving short-term investments in available-for-sale securities during 2017 Apr. 16 Purchased 10,000 shares of Gem Co. stock at $30.00 per share plus a $460 May 1Paid $300,000 to buy 3-month U.S. Treasury bills (debt securities) $300,000 July 7 Purchased 5,000 shares of Pepsico stock at $49.00 per share plus a $430 brokerage fee principal amount, 5% interest, securities mature on July 31. brokerage fee fee. that matured on July 31 20 Purchased 2,500 shares of Xerox stock at $19.00 per share plus a $510 brokerage Aug. 1Received a check for principal and accrued interest on the U.S. Treasury bills 15 Received an $.80 per share cash dividend on the Gem Co. stock 28 Sold 5,000 shares of Gem Co. stock at $36.75 per share less a $550 brokerage fee Oct. 1 Received a $1.80 per share cash dividend on the Pepsico shares Dec. 15 Received a .95 per share cash dividend on the remaining Gem Co. shares 31 Received a i.35 per share cash dividend on the Pepsico shares. 2. Prepare a table to compare the year-end cost and fair values of Rose's short-term investments in available-for-sale securities. The year-end fair values per share are: Gem Co., $32.25; PepsiCo, $46.25; and Xerox, $16.00. Comparison of Cost and Fair Values for AFS Portfolio Fair Value Unrealized Gem Co. Pepsi Co. Xerox Total 0
