Required information [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. Apri1 16 Purchased 6,000 shares of Gem Company stock ot $23.75 per share. July 7 Purchased 3,000 shares of Pepsico stock at 554,00 per share. July 20 Purchased 1,500 shares of xerox stock at $16:00 per share. August 15 Received a 50.85 per share cash dividend on the Gem Company stock. August 28 Sold 3,900 shares of Gem Compony stock at $30.50 per share. October 1 Received a \$1.70 per share cash divldend on the pepsico shares. Deceeber 15 Received a \$1.00 per share cash dividend on the remoining Gem campany shares. Deceaber 31 Received a $1.05 per share cash dividend on the pepsico shares. The year-end fair values per share are Gem Company, \$26.00: PepsiCo, \$51,25, and Xerox, \$15.00 Required: 1. Prepare journal entries to record the preceding transactions and events. July 24 Yurchasea 1 , Su6 shares of Xerox stock at $18. Ue per share. August 15 Received a $0.85 per share cash dividend on the Gem Company stock. August 28 Sold 3,600 shares of Gem Company stock at $36.50 per share. October 1 Received a $1.70 per share cash dividend on the Pepsico shares. December 15 Received a $1.09 per share cash dividend on the remaining Gen 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, $26,00; PepsiCo, $51.25; and Xerox, \$15.00. Required: 1. Prepare journal entries to record the preceding transactions and events. Journal entry worksheet 2345678 Purchased 6,000 shares of Gem Company stock at $23.75 per share. Note: Enter debits before credits