Problem 15-2A Recording, adjusting, and reporting short-term available-for-sale securities LO P3 [The following information applies to the questions displayed below.] Rose Company had no short-term investments prior to year 2015. It had the following transactions involving short-term investments in available-for-sale securities during 2015. Apr. 16 Purchased 10,000 shares of Gem Co. stock at $21.75 per share plus a $480 brokerage fee. May 1 Paid $160,000 to buy 13-week U.S. Treasury bills (debt securities): $160,000 principal amount, 5% interest, securities dated May 1. July 7 Purchased 5,000 shares of PepsiCo stock at $46.00 per share plus a $450 brokerage fee. 20 Purchased 2,500 shares of Xerox stock at $18.00 per share plus a $530 brokerage fee. Aug. 3 Received a check for principal and accrued interest on the U.S. Treasury bills that matured on July 31. 15 Received a(n) $0.75 per share cash dividend on the Gem Co. stock. 28 Sold 5,000 shares of Gem Co. stock at $28.50 per share less a $570 brokerage fee. Oct. 1 Received a $1.60 per share cash dividend on the PepsiCo shares. Dec. 15 Received a $0.90 per share cash dividend on the remaining Gem Co. shares. 31 Received a $1.10 per share cash dividend on the PepsiCo shares.