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 10,000 shares of Gem Co. stock at $27.00 per share.
July		7		Purchased 5,000 shares of PepsiCo stock at $49.00 per share.
		20		Purchased 2,500 shares of Xerox stock at $16.00 per share.
Aug.		15		Received a(n) $0.85 per share cash dividend on the Gem Co. stock.
		28		Sold 5,000 shares of Gem Co. stock at $33.75 per share.
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 Gem Co. shares.
		31		Received a $1.20 per share cash dividend on the PepsiCo shares.

prepare journal entry

- purchased 10,000 shares of Gem co. stock at $27.00 per share

- purchased 5,000 shares of Pepsi Co. stock at $49.00 per share

- Purchased 2,500 shares of Xerox stock at $16.00 per share

- Received a(n) $0.85 share cash dividend on the Gem co stock

- Sold 5,000 shares of Gem co. stock at $33.75 per share

- Received an $1.80 per share cash dividend on the Pepsi co shares

- Received a $1.00 per share cash dividend on the remaining Gem co. shares

- Received $1.20 per share cash dividend on the pepsi co. shares.

Part 2. Prepare a table to compare the year-end cost and fair values of Rose's short-term stock investments. The year-end fair values per share are Gem Co., $29.25; PepsiCo, $46.25; and Xerox, $13.00.

Part 3. Prepare an adjusting entry to record the year-end fair value adjustment for the portfolio of short-term stock investments.