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what goes for #5 August 01,2017 ? The following information applies to the questions displayed below Rose Company had no short-term investments prior to year

what goes for #5 August 01,2017 ? image text in transcribed
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 10,000 shares of Gem Co. stock at $30.00 per share plus a $460 brokerage fee May 1 Paid $300,000 to buy 3-month u.s. Treasury bills (debt securities}: $300,000 principal amount, 5% July 7Purchased 5,000 shares of PepsiCo stock at $49.00 per share plus a $430 brokerage fee Aug. 1Received a check for principal and accrued interest on the U.s. Treasury bills that matured or interest, securities mature on July 31 20 Purchased 2,500 shares of Xerox stock at $19.00 per share plus a $510 brokerage fee July 31 15 Received an $.80 per share cash dividend on the Gem Co. stock 28 Sold 5,000 shares of Gem Co. stock at $36.75 per share less a $550 brokerage fee Oct 1 Received a $1.80 per share eash dividend on the PepsiCo shares Dec. 15 Received a $.95 per share cash dividend on the remaining Gen Co. shares 31 Received a $1.35 per share cash dividend on the Pepsico shares 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.) Answer is not complete. No Date General Journal 300,460 FS (Gem) Apr 16, 2017 Short-term Cash 300 2 May 01, 2017 Short-term investments-AFS (T-bills) 300 Cash 300 3 Jul 07, 2017 Short-term investments-AFS (Pepsi) Cash 245,4 245 Jul 20, 2017 Short-term investments-AFS (Xerox) 48,01 Cash 48,01 5 Aug 01, 2017 Casth Short-term investments-AFS (T-bills) Interest revenue

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