Question: Help 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

 Help Required information Problem 15-2A Recording, adjusting, and reporting short-term available-for-sale

Help 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. It had the following transactions involving short-term investments in available-for-sale securities during 2017 Apr. 16 Purchased 6,00e shares of Gen Co. stock at $22.50 per share plus a $500 brokerage fee. May 1Paid $230,eee to buy 3-month U.S. Treasury bills (debt securities): $230,000 principal amount, 5% interest, securities mature on July 31. July 7Purchased 3,00e shares of PepsiCo stock at $46.00 per share plus a $470 brokerage fee. 20 Purchased 1,500 shares of Xerox stock at $19.00 per share plus a $550 brokerage fee. Aug. 1 Received a check for principal and accrued interest on the U.s. Treasury bills that matured on July 31. 15 Received an $.85 per share cash dividend on the Gen Co. stock. 28 Sold 3,00e shares of Gem Co. stock at $29.25 per share less a $590 brokerage fee. Oct. 1Received a $2.00 per share cash dividend on the Pepsico shares. Dec. 15 Received a $1.00 per share cash dividend on the remaining Gen Co. shares. 31 Received a $1.30 per share cash dividend on the Pepsico shares. Problem 15-2A Part 1 Required: 1. Prepare journal entries to record the preceding transactions and events. (If no entry is required for s transaction/event, select "No journal entry required" in the first account field.) Next > of 6 4 5

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