Question: 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
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, lt had the following transactions involving short ternm investments in available-for-sale securities during 2017 Apr. 16Purchased 4,e00 shares of Gem Co. stock at $24.25 per share plus a $180 brokerage fee Hay 1 Paid S100,000 to buy 3-month U.S. Treasury bills (debt securities): S100,000 principle amount, 6% interest, July 7Purchased 2,000 shares of PepsiCo stock at $49.25 per share plus a $175 brokerage fee. Aug. 1 Received a check for principal and accrued interest on the U.S. Treasury bills that matured on July 31. securities mature on July 31. 20 Purchased 1,000 shares of Xerox stock at $16.75 per share plus a $285 brokerage fee. 15 Received an $e.85 per share cash dividend on the Gem Co. stock. 28 Sold 2,800 shares of Gem Co. stock at $38 per share less a $225 brokerage fee Oct. 1 Received a $1.90 per share cash dividend on the Pepsico shares. Dec. 15 Received a $1.e5 per share cash dividend on the remaining Gem Co. shares. 31 Received a $1.30 per share cash dividend on the PepsiCo shares
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