Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
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. 16Purehased 6,000 shares of Gen Co. wook at $25.50 per share plus a $300 brokerage fee May 1 Paid 100,000 to buy 3-month U... Treasury bills (dabt nequrities) $100,000 principal amount, 41 interest, securities mature on July 31. July 7 Purchased 3,000 shares of PepsiCo week at $49.00 per share plus a $310 brokerage fee. 20 Purchased 1,500 shares of Xerox stock at $15.00 per share plus a $390 brokerage fee. Aug. Received a check for principal and served interest on the U.s. Treasury bills that matured on July 31. 15 Received an 8.85 per share cash dividend on the Gem co. stock. 28 Sold 3,000 shares of Gem Co. stock at $22.25 per share less a 5430 brokerage fee. Oct. Received a $1.80 per share cash dividend on the repaico shares. Dec. 15 Received a $1.00 per share cash dividend on the remaining Gem Co. Shares. 31 Received a $1.35 per share canh dividend on the PepsiCo shares. Required: 1. Prepare journal entries to record the preceding transactions and events. Of no entry is required for a transactiorevent, select "No ournal entry required in the first account field.) View transaction ist Journal entry worksheet Purchased 6,000 shares of Gem Co stock at $25.50 per share plus a $340 brokerage fee Nistenter debts before credits General Journal Deba Credit Apr 10. 2017 Record entry Charty View D 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. 16Purchased 6,000 shares of Gem co stock at $25.50 per share plus $34 brokerage fee May I paid $100,000 to buy 3-month u.s. Trenuty bills (debt weities $100,000 principal amount, 45 interest, securities mature on July 31. July 7 Purchased 3,000 shares of Pepesce stock at $49.00 per share plus a $310 brokerage fee. 20 Purchased 1.500 shares of Xerox stock as $15.00 per share plus $190 brokerage fee Aug. 1 Received check for principal and acerved interest on the 1.5. Treasury bill that matured on July 31. 15 Received an 5.85 per hare Cash dividend on the Gem Co. stock. 28 Sold 3,000 shares of Gen Co. stock at $52.25 pershare less a 1430 brokerage fee. Det. 1 Received a $1.50 per share cash dividend on the repaiCo shares. Dec. 15 Received a $1.00 per share cash dividend on the resinin Gem Co. shares. 31 Received a $1.35 per share cash dividend on the TepsiCo whares. equired: - Prepare journal entries to record the preceding transactions and events if no entry is required for a transaction/event, select "No Surnal entry required in the first account field.) View transactionat Journal entry worksheet Paid $100,000 to buy 3-month U.S. Treasury bills (debt securities): $100,000 principal amount, 4% interest, securities mature on July 31. Note: Enter debit before cred Date General Joma De Credit May 01, 2017 Record entry Clear entry Viewer journal 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 em Co. steek at $25.50 per share plus A 1340 brokerage fee. May 1 Paid $100,000 to buy )-month u.s. Tramury bills debt curities) $100,000 principal count, 41 interest, securities nature on July 31. July 7 Purchased 3,000 shares of Pepiace stock at $49.00 per share ploe $310 brokerage te. 20 Purchased 1.500 shares of Xerox stock at $15.00 per share plus $390 brokerage fee. Aug. Received a check for principal and weered interest on the U... Treasury bills that matured on July 31. 15 Received an 5.65 per share cash dividend on the Gen Co. stock. 28 Sold 3,000 shares of Gem Co. stock at 337.25 per share less a 5430 brokerage fee. Oct. 1 Received a $1.80 per share cash dividend on the PepsiCo shares. Dec. 15 Received a $1.00 per share cash dividend on the remaining Gen Co. shares. 31 Received a 51.35 per share cash dividend on the repaico shares. equired: - Prepare journal entries to record the preceding transactions and events (i no entry is required for a transaction/event, select "No urnal entry required in the first account field.) View transaction at Journal entry worksheet Purchased 2,000 shares of PepsiCo stock at $49.00 per share plus a $310 brokerage fee Note de cred Der Journal Debli Credit Jul 07, 2017 Macord C View journal 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 $25.50 per share plus a $340 brokerage fee. Nay 1 Paid $100,000 to buy 3-month u.s. Treasury bills (debt securities): $100,000 principal amount, 45 interest, securities mature on July 31. July 7 Purchased 3.000 shares of PepsiCo stock at $49.00 per share plus a $310 brokerage fee. 20 Purchased 1,500 shares of Xerox stock at $15.00 per share plus a $390 brokerage fee. Aug. Received a check for principal and accrued interest on the u.s. Treasury bills that matured on July 31. 15 Received an $.85 per whare cash dividend on the Gem Co. Stock. 28 Sold 3,000 shares of Gem Co. stock at 532.25 per share less a 3430 brokerage fee. Oct. Received a $1.80 per share cash dividend on the PepsiCo shares. Dee. 15 Received a $1.00 per share cash dividend on the remaining Gen Co. shares. 31 Received a $1.35 per share cash dividend on the PepsiCo shares. quired: Prepare journal entries to record the preceding transactions and events. (If no entry is required for a transaction/event, select "N imal entry required in the first account field.) View transaction lit Journal entry worksheet 1 2 5 6 7 8 9 10 > Purchased 1.500 shares of Xerox stock at $15.00 per share plus a $390 brokerage fee Note: Erter des before credits General Journal Debat Credit Date Jul 20, 2017 Record entry Clear entry View general journal 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. 16Purehased 6,000 shares of Cem co. stock at $25.50 per share plus a $30 brokerage fee. May 1 Paid $100,000 to buy )-onth u.s. Treasury bille debt securities $100,000 principal mount, 45 interest, securities nature on July 31. July 7 Purchased 3,000 shares of PepsiCo stock at $49.00 per share plus a $310 brokerage fee 20 Purehased 1.500 shares of Xerox stock at $15.00 per share plus = $390 brokerage fee. Aug. Neceived a check for principal and acerved interest on the u.s. Treasury bills that matured on July 31. 15 Received an 5.85 per share cash dividend on the Gen Co. stock. 28 Sold 3,000 shares of Gem Co. stock at $32.25 per share less = 5430 brokerage fee. Oct. Received a $1.80 per share cash dividend on the PepsiCo shares. Dec. 15 Received a $1.00 per share cash dividend on the remaining Gen Co. shares. 31 Received a $1.35 per share cash dividend on the PepsiCo shares. equired: Prepare journal entries to record the preceding transactions and events. (if no entry is required for a transaction event, select "No urnal entry required in the first account field.) View transaction ist Journal entry worksheet Received a check for principal and accrued interest on the U.S. Treasury bills that matured on July 29. General Journal Deb Credit Date Aug 01, 2017 Record entry Clear entry View Journal 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 Parehased 6,000 shares of Gen Co. stock at $25.50 per share plus a $340 brokerage too. May I Paid $100,000 to buy J-month u.s. Treasury bills (debt securities): $100,000 principal wount, 41 interest, securities nature on July 31. July 7 Purchased 3,000 shares of Depaico stock at $49.00 per sbare plus a $310 brokerage fee. 20 Purehaved 1.500 shares of Xerox stock at $15.00 per share plus a $390 brokerage fee. Aug. 1 Received a check for principal and accrued interest on the U.S. Treneury bills that matured on July 31. 15 Received an $.85 per share cash dividend on the Gem Co. stock. 28 Sold 3,000 shares of Gem Co. stock at $32.25 per share less a $430 brokerage fee. Oct. 1 Received a $1.80 per share cash dividend on the PepsiCo shares. Dec. 15 Received a $1.00 per share cash dividend on the remaining Gen Co. Shares. 31 Received a $1.35 per sbare cash dividend on the PepsiCo shares. equired: Prepare journal entries to record the preceding transactions and events. [if no entry is required for a transaction/event, select urnal entry required" in the first account field.) View transaction ist Journal entry worksheet 1 2 3 5 6 7 8 9 10 > Received an $0.65 per share cash dividend on the Gem Co stock. Natenter de before credits General Journal Debit Credit Aug 15, 2017 Record entry Clear entry View other journal con=con &external_brou News YouTube M Gmail Translate ECP 4703 Ch. 6 Q... ( D 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 $25.50 per whate plus a 5740 brokerage fee May Paid 100,000 to buy -month V.8. Tresury bills (debt securities $100,000 principalment, interest, securities mature on July 31 July 1Purchased 3,000 shares of epice stock at $49.9 per share plus 1318 brokerage fee 30 Purchased 1.500 shares of Xerox stock at $15.00 per share plus. 1990 brokerage fee Aug. Received check for prisipal and served interest as the U.S. Treasury b: 11e that matured on July 31. 15 Received an 5.15 per share cash dividend on the Gen Co. stock. 20 Sold 3.000 shares of es co. stock at 332.25 per share less a 3410 brokerage fee. Det. Received $1.30 pet share cash dividend on the epico sharee Dec. 15 Received a $1.00 per share cash divided on the remain Gen Co. whares. alleived 11.35 pet share cash dividend on the repalco shares. Required: 1. Prepare journal entries to record the preceding transactions and events. If no entry is required for a transaction/event, select "No Journal entry required in the first account field) Journal entry worksheet Sold 3,000 shares of Gum Co stock at $32.25 per share less a $430 brokerage fee General Juma Dalt Creet Aug 20. 2017 Cory 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 Com Co stock at $25.50 per share plus a $340 brokerage fee. May taid $100,000 to buy 3-month u.s. Treasury bill debt securities) $100,000 principal amount. 41 interest, securities mature on July 31. July 7 Purchased 3,000 shares of PepsiCo stock at $49.00 per share plus a $310 brokerage fee. 20 Purchased 1.500 shares of Xerox stock at $15.00 per share plus a $390 brokerage fee. Aug. 1 Received a check for principal and accrued interest on the u.s. Treasury bills that matured on July 15 Received an $.85 per share cash dividend on the Gem Co. stock. 28 Sold 3.000 shares of Gem co. stock at $32.25 per share less a $430 brokerage fee. Oct. 1 Received a $1.80 per share cash dividend on the PepsiCo shares. Dec. 15 Received a $1.00 per share cash dividend on the remaining Gen Co. shares. 31 Received a $1.35 per share cash dividend on the PepsiCo shares. quired: repare journal entries to record the preceding transactions and events. (If no entry is required for a transaction/event, select mal entry required in the first account field.) View transaction at Journal entry worksheet Received a $1.80 per share cash dividend on the PepsiCo shares. Noter er det before credit Oeneral Journal Debit Crot Date Oct 01, 2017 Record entry Clear entry View general Journal 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 Cem ce. stock at $25.50 per share plus a $340 brokerage fee. May Paid $100,000 to buy 3-month u.s. Treasury bills debt securities $100,000 principal Amount, 45 interest. securities nature on July 31. July 7 Purchased 3,000 shares of PepsiCo stock at $49.00 per share plus a $310 brokerage fee. 20 Purchased 1,500 shares of Xeroxtock at $15.00 per share plus a $390 brokerage fee. Aug. 1 Received a check for principal and accrued interest on the 1.5. Treasury bills that matured on July 31. 15 Received an 5.85 per share cash dividend on the Gen Co. stock. 28 Sold 3,000 shares of Ces Co. Stock at $32.25 per share lens 1430 brokerage fee. Oct. Received a $1.80 per share cash dividend on the PepsiCo shares. Dec. 15 Received a $1.00 per share cash dividend on the remaining en Co. shares. 31 Received a $1.35 per share cash dividend on the PepsiCo shares. uired: epare journal entries to record the preceding transactions and events. If no entry is required for a transaction/event, select "No nal entry required in the first account field.) View transaction lit Journal entry worksheet 2 3 4 5 6 7 8 10 Received $1.00 per share cash dividend on the remaining Gem Co. shares Note Enter den before crede Denaro De Dec 16, 2017 Recordar Chair ani Viral 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 Gen Co. steek at $25.50 per share plus 6140 brokerage fee. May 1 Paid $100,000 to buy )-month U... Treasury bills (debt weeurities): 3100,000 principal amount, 4 interest, securities mature on July 31. July 1Purchased 3,000 shares of PepsiCo stock at $49.00 per share plus a $320 brokerage fee 20 Purchased 1.500 shares of Xerox stock at $15.00 per share plus a $390 brokerage fee. Aug. 1 Received check for principal and served interest on the U... Treasury bills that matured on July 31. 15 Received an 9.85 per share cash dividend on the Gen Co. stock. 28 Sold 3,000 shares of Gex Co. stock at: 532.25 per share less a $430 brokerage fee. Oct. Received a $1.80 per share cash dividend on the PepsiCo shares. Dec. 15 Received a $1.00 per share cash dividend on the remaining Gen Co. shares. 31 Received a $1.35 per share cash dividend on the PepsiCo shares. quired: Prepare journal entries to record the preceding transactions and events if no entry is required for a transaction/event, select "Ne urnal entry required in the first account field.) View transaction at Journal entry worksheet Received a $1.35 per share cash dividend on the PepsiCo shares. Natter det before credit Date General Journal Debit Crede Dec 31, 2017 Recorder Clear entry View al journal

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

GAO Yellow Book Government Auditing Standar

Authors: Comptroller General United States Government

2011edition

1479245577, 978-1479245574

More Books

Students also viewed these Accounting questions

Question

1-4 How will MIS help my career?

Answered: 1 week ago