Rose Company had no short-term investments prior to year 2015. It had the following transactions involving short-term investments in available-for-sale securities during 2015.

Apr.	16		Purchased 4,000 shares of Gem Co. stock at $23.50 per share plus a $420 brokerage fee.
May	1		Paid $170,000 to buy 13-week U.S. Treasury bills (debt securities): $170,000 principal amount, 6% interest, securities dated May 1.
July	7		Purchased 2,000 shares of PepsiCo stock at $45.00 per share plus a $390 brokerage fee.
	20		Purchased 1,000 shares of Xerox stock at $19.00 per share plus a $470 brokerage fee.
Aug.	3		Received a check for principal and accrued interest on the U.S. Treasury bills that matured on July 31.
	15		Received a(n) $1.00 per share cash dividend on the Gem Co. stock.
	28		Sold 2,000 shares of Gem Co. stock at $30.25 per share less a $510 brokerage fee.
Oct.	1		Received a $1.60 per share cash dividend on the PepsiCo shares.
Dec.	15		Received a $1.15 per share cash dividend on the remaining Gem Co. shares.
	31		Received a $1.45 per share cash dividend on the PepsiCo shares.

Part 1
1.	Prepare journal entries to record the preceding transactions and events. (If no entry is required select No journal entry required in the first entry field. Do not round your intermediate calculations.)

Part 2 -

Prepare a table to compare the year-end cost and fair values of Rose's short-term investments in available-for-sale securities. The year-end fair values per share are: Gem Co., $25.75; PepsiCo, $42.25; and Xerox, $16.00.

Part 3

Prepare an adjusting entry, if necessary, to record the year-end fair value adjustment for the portfolio of short-term investments in available-for-sale securities. (If no entry is required select No journal entry required in the first entry field)

Journal entry Worksheet

12/31/15

Record the year-end adjusting entry for the securities portfolio as of December 31, 2015.