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. It had the following transactions involving short-term investments in available-for-sale securities during 2017 Apr. 16 Purchased 6,e00 shares of Gem Co. stock at $25.25 per share plus a $440 brokerage fee. May 1 Paid $130,000 to buy 3-month U.S. Treasury bills (debt securities): $130,000 principal amount, 5% interest, uly 7 Purchased 3,000 shares of Pepsico stock at $46.00 per share plus a $410 brokerage fee Aug. 1Received 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 1,5e0 shares of Xerox stock at $15.00 per share plus a $490 brokerage fee 15 Received an $.90 per share cash dividend on the Gem Co. stock. 28 Sold 3,000 shares of Gem Co. stock at $32.00 per share less a $530 brokerage fee Oct. 1 Received a $1.60 per share cash dividend on the PepsiCo shares. Dec. 15 Received a $1.05 per share cash dividend on the remaining Gem Co. shares. 31 Received a $1.10 per share cash dividend on the PepsiCo shares
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