Question: Chapter Review 15-16 (Extra Credit) 6 Saved 2 Required information Part 1 of 3 The following information applies to the questions displayed below] 15 points
Chapter Review 15-16 (Extra Credit) 6 Saved 2 Required information Part 1 of 3 The following information applies to the questions displayed below] 15 points 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 6,000 shares of Gem c to buy 3-month.asury bilis (debt securities):$120,000 prineiple anount, s o. stock at $22.75 per ahare plus a $500 brokerage fee interest,securities mature on July 31 July 7 Purchased 3,000 shares of PepsiCo stock at $52.00 per share plus a $470 brokerage tee. eBook 20 Purchased 1,500 shares of xerox stock at $17.00 per share plus a $550 brokerage fee. Aug. 1 Received a check for principal and acerued interest on the U.S. Treasury bills that matured on 31 July 15 Received a(n) so.80 per share cash dividend on the Gen Co. stock. 28 Sold 3,000 shares of Gem co. stock at $29.50 per share less a $590 brokerage fee oct. 1 Received a $1.90 per share cash dividend on the PepsiCo shares. Dec. 15 Received a s0.95 per share cash dividend on the remaining Gem Co. shares. 31 Received a $1.20 per share cash dividend on the Pepsico shares. References Required: 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.) View transaction list View journal entry worksheet No Date General Journal 1 Apr 16, 2017 Brokerage fee expense Long-term investments-AFS (Gem)
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