Question

The tollowing information applies to the questions displayed below Rose Compeny hed no short-wrm investments prior to year 2015. It had the following transacoons involving short-term investments in avainble-for-sale securtues during 2015 Apr. 16 Purchased 8,000 shares of Gem Co. stock at $22.75 per share plus a $420 brokerage fee. May 1 Paid $280,000 to buy 13-week U.S Treasury bills (debt secundes $280,000 principel amount, July 7 Purchased 4,000 shares of PepsiCo stock at $47.00 per share plus a $390 brokerage fee. Aug. 3 accrued Interest on the U.S. Treasury bills that matured on July 4% Interest, securities dated May 1. 20 Purchased 2,000 shares of Xerox stock at $18.00 per share plus a $470 brokerage fee. Received a check for pnncipal and Received a check for principal and 15 Received a(n) $0.85 per share cash dvidend on the Gem Co. stock 28 Sold 4,000 shares of Gem Co. stock at $29.50 per share less a $510 brokerage fee 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 $1.40 per share cash dvidend on the PepsiCo shares value 10.00 points Required: 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) View transaction list Journal entry worksheet 8 10 Purchased 8,000 shares of Gem Co. stock at $22.75 per share plus a $420 brokerage fee. Note: Enter debits before credits. Ask me anything e