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 short- term stock investments with insignificant influence. April 16 Purchased 3,500 shares of Gem Company stock at $24 per share. July 7 Purchased 2,000 shares of PepsiCo stock at $49 per share. Purchased 1,000 shares of Xerox stock at $16 per share. July 20 August 15 Received a $1.00 per share cash dividend on the Gem Company stock. August 28 Sold 2,000 shares of Gem Company stock at $30 per share. October 1 Received a $2.50 per share cash dividend on the PepsiCo shares. December 15 Received a $1.00 per share cash dividend on the remaining Gem Company shares. December 31 Received a $1.50 per share cash dividend on the Co shares. The year-end fair values per share are Gem Company, $26, PepsiCo, $46; and Xerox, $13. Required: 1. Prepare journal entries to record the preceding transactions and events. (Do not round your intermediate calculations.)

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 short. term stock investments with insignificant influence. Apri1 16 Purchased 3,500 shares of Gen conpany stock at $24 per share. July 7 Purchased 2,000 shares of Pepsico stock at 349 per shace. July 20 Purchased 1,000 shares at xerox stock at $16 per share. August 15 Recelved a $1.00 per share cosh dividend on the Gee conpany stock: August 28 sold 2, ee0 shares of Gea Company stock it 530 per share. October 1 Received a \$2.50 per share cash dividend on the Pepsico shares. oeceaber 15 Recelved a 51.60 per share cash dividend on the reasining oen conpany shares. oecenter 31 Received a \$1.50 per share cash dividend on the Pepsico shareh. The year-end fair values per share are Gem Compiny. \$26, PepsiCo, \$46; and Xerox, $13. Required: 1. Prepare journal entries to record the preceding transactions and events. (Do not round your intermediote calculotions.) Journal entry worksheet 4 \begin{tabular}{|l|l|l|} 6 & 7 & 8 \end{tabular} Purchased 3,500 shares of Gem Company stock at \$24 per share. Noter Enter debits before credits. Journal entry worksheet Purchased 2,000 shares of PepsiCo stock at $49 per share. Note: Enter debits before credits. Journal entry worksheet 567 Purchased 1,000 shares of Xerox stock at $16 per share. Note: Enter debits before credits. Journal entry worksheet Received a $1.00 per share cash dividend on the Gem Company stock. Note: Enter debits before credits. Journal entry worksheet Sold 2,000 shares of Gem Company stock at $30 per share. Note: Enter debits before credits. Journal entry worksheet Received a $2.50 per share cash dividend on the PepsiCo shares. Note: Enter debits before credits. Journal entry worksheet Received a $1.00 per share cash dividend on the remaining Gem Company shares. Note: Enter debits before credits. Journal entry worksheet 123456 Received a $1.50 per share cash dividend on the Pepsico shares. Note: Enter debits before credits