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Required information [The following information applies to the questions displayed below.) Rose Company had no short-term investments prior to year 2017. It had the following

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Required information [The following information applies to the questions displayed below.) Rose Company had no short-term investments prior to year 2017. It had the following transactions involving short-term investments in available-for-sale securities during 2017, Apr. 16 Purchased 6,000 shares of Gem Co. stock at $26.25 per share plus a $480 brokerage fee. May 1 Paid $250,000 to buy 3-month u.s. Treasury bills (debt securities): $250,000 principal amount, 46 Interest, securities mature on July 31. July 7 Purchased 3,000 shares of PepsiCo stock at $53.00 per share plus a $450 brokerage fee. 20 Purchased 1,500 shares of Xerox stock at $15.00 per share plus a $530 brokerage fee. Aug. 1 Received a check for principal and accrued interest on the U.S. Treasury bills that matured on July 31. 15 Received an $.95 per share cash dividend on the Gem Co. stock. 28 Sold 3,000 shares of Gem Co. stock at $33.00 per share less a $570 brokerage fee. Oct. 1 Received a $2.00 per share cash dividend on the PepsiCo shares. Dec. 15 Received a $1.10 per share cash dividend on the remaining Gem Co. shares. 31 Received a $1.45 per share cash dividend on the PepsiCo shares. Journal entry worksheet Purchased 6,000 shares of Gem Co. stock at $26.25 per share plus a $480 brokerage fee. Note: Enter debits before credits. General Journal Debit Credit Date Apr 16, 2017 Record entry Clear entry View general journal Journal entry worksheet Paid $250,000 to buy 3-month U.S. Treasury bills (debt securities): $250,000 principal amount, 4% interest, securities mature on July 31. Note: Enter debits before credits. Date General Journal Debit Credit May 01, 2017 Record entry Clear entry View general journal Journal entry worksheet 10 Purchased 3,000 shares of PepsiCo stock at $53.00 per share plus a $450 brokerage fee. Note: Enter debits before credits. Date General Journal Debit Credit Jul 07, 2017 Record entry Clear entry View general journal Journal entry worksheet > 5 6 10 7 8 9 Received a check for principal and accrued interest on the U.S. Treasury bills that matured on July 29. Note: Enter debits before credits. Date General Journal Debit Credit Aug 01, 2017 Record entry Clear entry View general journal Journal entry worksheet

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