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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
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. Apr. 16 Purchased 6,000 shares of Gem Co. stock at $20.75 per share. July 7 Purchased 3,000 shares of PepsiCo stock at $53.00 per share. 20 Purchased 1,500 shares of Xerox stock at $19.00 per share. Aug. 15 Received a(n) $0.80 per share cash dividend on the Gem Co. stock. 28 Sold 3,000 shares of Gem Co. stock at $27.50 per share. Oct. 1 Received a $1.80 per share cash dividend on the PepsiCo shares. Dec. 15 Received a $0.95 per share cash dividend on the remaining Gem Co. shares. 31 Received a $1.15 per share cash dividend on the PepsiCo shares. Journal entry worksheet Purchased 3,000 shares of PepsiCo stock at $53.00 per share. Note: Enter debits before credits. Date General Journal Debit Credit Jul. 7 Record entry Clear entry View general Journal Journal entry worksheet Purchased 1,500 shares of Xerox stock at $19.00 per share. Note: Enter debits before credits. General Journal Debit Credit Date Jul. 20 Record entry Clear entry View general journal Journal entry worksheet Received a $0.95 per share cash dividend on the remaining Gem Co. shares. Note: Enter debits before credits. General Journal Debit Credit Date Dec. 15 Record entry Clear entry View general Journal Journal entry worksheet
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