Required information Problem 15-4A (Algo) Recording, adjusting, and reporting stock investments with insignificant influence LO P4 [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 4,000 shares of Gem Company stock at $23.25 per share. July 7 Purchased 2,000 shares of PepsiCo stock at $49.00 per share. July 20 Purchased 1,000 shares of Xerox stock at $16.00 per share. August 15 Received a $0.90 per share cash dividend on the Gem Company stock. August 28 Sold 2,000 shares of Gem Company stock at $30.00 per share. October 1 Received a $1.80 per share cash dividend on the PepsiCo shares. December 15 Received a $1.05 per share cash dividend on the remaining Gem Company shares. December 31 Received a $1.05 per share cash dividend on the PepsiCo shares. The year-end fair values per share are Gem Company, $25.50; PepsiCo, $46.25; and Xerox, $13.00. Problem 15-4A (Algo) Part 1 Required: 1. Prepare journal entries to record the preceding transactions and events. View transaction list Check