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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 8,000 shares of Gem Company stock at $23.75 per share.

July 7 Purchased 4,000 shares of PepsiCo stock at $52.00 per share.

July 20 Purchased 2,000 shares of Xerox stock at $18.00 per share.

August 15 Received a $0.95 per share cash dividend on the Gem Company stock.

August 28 Sold 4,000 shares of Gem Company stock at $30.50 per share.

October 1 Received a $1.60 per share cash dividend on the PepsiCo shares.

December 15 Received a $1.10 per share cash dividend on the remaining Gem Company shares.

December 31 Received a $1.40 per share cash dividend on the PepsiCo shares.

The year-end fair values per share are Gem Company, $26.00; PepsiCo, $49.25; and Xerox, $15.00.

2. Prepare a table to compare the year-end cost and fair values of Rose's short-term stock investments.

3.Prepare an adjusting entry to record the year-end fair value adjustment for the portfolio of short-term stock investments.

4.Prepare the current asset section of the balance sheet for the fair value adjustment for Roses short-term investments.

Note: Amounts to be deducted should be entered with a minus sign.

5. Identify the dollar increase or decrease from Roses short-term stock investments on (a) its income statement for this year and (b) the equity section of its balance sheet at this year-end.

[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 shortterm stock investments with insignificant influence. Aprit 16 Purchased 8,000 shares of Gem Company stock at $23.75 per share. Juty 7 Purchased 4,000 shares of Pepsico stock at $52.00 per share. July 20 Purchased 2 , 00 shares of Xerox stock at $18.0 per share. August is Received a $0.95 per share cash dividend on the Gem Company stock. August 28 Sold 4 , 000 shares of Gem Company stock at $30.50 per share. October 1 Received a $1,60 per share cash dividend on the Pepsico shares. December 15 Received a $1.10 per share cash dividend on the remaining Gem Company shares. December 31 Received a $1.40 per share cash dividend on the Pepsico shares. The year-end fair vatues per share are Gem Company, \$26.00: PepsiCo, $49.25; and Xerox, $15.00. Prepare the current asset section of the balance sheet for the fair value adjustment for Rose's short-term investments. Note: Amounts to be deducted should be entered with a minus sign. Rose Company had no short-term investments prior to this year. It had the following transactions this year involving shortterm stock investments with insignificant infuence. April 16 Purchased 8,00e stares of Gen Company stock at $23.75 per share. July 7 Purchased 4,000 shares of Pepsico stock at $52,00 per share. July 20 Purchased 2,000 shares of Xerox stock at $18.00 per share. Auqust is Received a se.95 per share cash dividend on the Gen Company stock. August 28 5otd 4,000 shares of Gea Company stock at $30.50 per share. Qctober 1 Received a $1.60 per share cash dividend on the Pepsico shares. Decenber 15 Received a $1.10 per share cash dividend on the renaining Gen Company shares. December 31 Received a $1.40 per share cash dividend on the Pepsico shares. The year-end fair values per share are Gem Company, \$26.00: PepsiCo. $49.25; and Xerox, $15.00. 5. Identify the dollar increase or decrease from Rose's short-term stock investments on (a) its income statement for this year and (b) the quily section of its balance sheet at this year-end. [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 shortterm stock investments with insignificant influence. Aprt1 16 Purchased 8, eee shares of Gem Company stock at $23.75 per share. July 7 Purchased 4,000 shares of Pepsico stock at $52.00 per share. July 20 Purchased 2, 000 shares of Xerox stock at $18.00 per share. August 15 Received a $0.95 per share cash dividend on the Gem Company stock. August 28 Sold 4 , eeo shares of Gem Company stock at $30.50 per share. october 1 Received a $1.60 per share cash dividend on the Pepsico shares. Decenber 15 Received a $1.10 per share cash dividend on the remaining Gen Conpany shares. Decenber 31 Received a $1.40 per share cash dividend on the Pepsico shares. The year-end fair values per share are Gem Company, \$26.00; PepsiCo, \$49.25; and Xerox, $15.00. 2. Prepare a table to compare the year-end cost and fair values of Rose's short-term stock investments. 3. Prepare an adjusting entry to record the year-end fair value adjustment for the portfolio of short-term stock investments. Jourhal entry worksheet Record the year-end adjusting entry for the securities portfolio. Note: Enter debits before credits