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Rose Comparyy had no short - term investments prior to this year. It had the following transactions this year involving shortterm stock investments with insignificant
Rose Comparyy had no shortterm investments prior to this year. It had the following transactions this year involving shortterm stock investments with insignificant influence.
Apri Purchased shares of Gen Company stack at $ per share
July Purchased shares of Pepsico stock ot $ per share.
duly urchssed shares of Xerox stack at $ per share.
August Received a $ per share cosh dividend on the Gen Coepany stock.
August sold shares of Gen Conpany stack at $ per share,
Dctober Received a $ per share cash dividend on the PepsiCa shares.
Decenher Received a $ per share cash dividend on the remaining Dee Company shares.
December fecelved a $ per share cash dividend on the PepsiCo shares.
The yearend fair values per share are Gem Company, $; PepsiCo, $; and Xerox, $
Required:
Prepare journal entries to record the preceding transactions and events.
Note: Do not round your intermediate calculations.
Journal entry worksheet
Purchased shares of Gem Company stock at $ per share.
Note: Enter debits before credils.
tableDateGeneral Journal,Debit,CreditAgri
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