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! Required Information [ The following information applles to the questions displayed below. ] Rose Company had no short - term Investments prior to this
Required Information
The following information applles to the questions displayed below.
Rose Company had no shortterm Investments prior to this year. It had the following transactions this year Involving short
term stock Investments with Insignificant Influence.
April Purchased shares of Gem Company stock at $ per share.
July Purchased shares of PepsiCo stock at $ per share.
July Purchased shares of xerox stock at $$ per share.
August Received a $ per share cash dividend on the Gem Company stock.
August Sold shares of Gem Company stock at $ $ per share.
October Received a $ per share cash dividend on the Pepsico shares.
December Received a $ per share cash dividend on the remaining Gem Company shares.
December Received a $ per share cash dividend on the Pepsico shares.
The yearend falr values per share are Gem Company, $; PepsiCo, $; and Xerox, $
Prepare an adjusting entry to record the yearend falr value adjustment for the portfolio of shortterm stock Investments.
Journal entry worksheet
Record the yearend adjusting entry for the securities portfolio.
Note: Enter debits before credits.
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