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Problem $15-4$A $($Algo$)$ Recording, adjusting, and reporting stock investments with insignificant influence LO P$4$

$[$The following information applies to the questions displayed below.$]$

Rose Company had no short$-$term investments prior to this year. It had the following transactions this year involving shortterm stock investments with insignificant influence.

April $16$ Purchased $8,000$ shares of Gem Company stock at $$21\mathrm{.}25$ per share.

July $7$ Purchased $4,000$ shares of PepsiCo stock at $$50\mathrm{.}00$ per share.

July $20$ Purchased $2,000$ shares of Xerox stock at $$15\mathrm{.}00$ per share.

August $15$ Received a $$0\mathrm{.}85$ per share cash dividend on the Gem Company stock.

August $28$ Sold $4,000$ shares of Gem Company stock at $$28\mathrm{.}00$ per share.

october $1$ Received a $$2\mathrm{.}00$ per share cash dividend on the PepsiCo shares.

December $15$ Received a $$1\mathrm{.}00$ per share cash dividend on the remaining Gem Company shares.

December $31$ Received a $$1\mathrm{.}25$ per share cash dividend on the Pepsico shares.

The year$-$end fair values per share are Gem Company, $$23\mathrm{.}50$; PepsiCo, $$47\mathrm{.}25$; and Xerox, $$12\mathrm{.}00.$

Problem $15-4$A $($Algo$)$ Part $5$

$5.$ Identify the dollar increase or decrease from Rose's short$-$term stock investments on $($a$)$ its income statement for this year and $($b$)$ the equity section of its balance sheet at this year$-$end.

$\backslash$table$[[,$Amount,Increase or Decrease$],[($a$)$ Income statement for this year,,$],[($b$)$ The equity section of its balance sheet at this year$-$end,,$]]$

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Prepare journal entries to record the preceding transactions and events.

$1$ Purchased $8,000$ shares of Gem Company stock at $$21\mathrm{.}25$ per share.

$2$ Purchased $4,000$ shares of PepsiCo stock at $$50\mathrm{.}00$ per share.

$3$ Purchased $2,000$ shares of Xerox stock at $$15\mathrm{.}00$ per share.

$4$ Received a $$0\mathrm{.}85$ per share cash dividend on the Gem Company stock.

$5$ Sold $4,000$ shares of Gem Company stock at $$28\mathrm{.}00$ per share.

$6$ Rerpived a $$2$ nn ner chare rach dividend on the Dencirn Note : $O=$ journal entry has been enteredPrepare journal entries to record the preceding transactions and events.

$1$ Purchased $8,000$ shares of Gem Company stock at $$21\mathrm{.}25$ per share.

$2$ Purchased $4,000$ shares of PepsiCo stock at $$50\mathrm{.}00$ per share.

$3$ Purchased $2,000$ shares of Xerox stock at $$15\mathrm{.}00$ per share.

$4$ Received a $$0\mathrm{.}85$ per share cash dividend on the Gem Company stock.

$5$ Sold $4,000$ shares of Gem Company stock at $$28\mathrm{.}00$ per share.

$6$ Rerpived a $$2$ nn ner chare rach dividend on the Dencirn Note : $O=$ journal entry has been

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