Question: 6 Required information Problem 15-2A Recording, adjusting, and reporting short-term available-for-sale securities LO P3 The following information applies to the questions displayed below] Rose Company
6 Required information Problem 15-2A Recording, adjusting, and reporting short-term available-for-sale securities LO P3 The following information applies to the questions displayed below] Rose Company had no short-term investments prior to year 2017 t had the following transactions involving short-term Part 3 of 3 points investments in available-for-sale securities during 2017 Apr. 16 Purchased a,eee shares of Gem Co. stock at $21.00 per share plus $46e brokerage fee. may 1 Paid $189,89e to buy 3-sonth u.s. Treasury bills (debt securities): s180,698 principle amount, 4s interest, Duly 7 Purchased 4, 000 shares of PepsiCo stock at $53.90 per share plus a $430 broken Aug. 1 Received a check for principal and accrued interest on the U.S. Treasury bills that matured on Print stock at $53.00 per share plus a $430 brokerage fee. 28 Purchased 2,000 shares of x erox stock at $19.00 per share plus a $51e brokerage fee. July 31 15 Received a(n) $e.8s per share cash dividend on the Gem Co. stock 28 Sold 4,909 shares of Gem Co. stock at $27.75 per share less a$558 brokerage fee oct. 1 Received a $1.90 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 $1.10 per share cash dividend on the PepsiCo shares
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
