Required informotion Problem 15.4A (Algo) Recording, adjusting, and reporting stock investments with insignificant influence LOP4...
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Required informotion Problem 15.4A (Algo) Recording, adjusting, and reporting stock investments with insignificant influence LOP4 [The following information applies to the questions displayed below] Rose Company had no short-erm investments prior to this yeat. It had the following transactions this year involving shortterm stock investments with insignificant influence. April 16 Purchased 4,000 shares of Gem Company stock at $29.00 per share. July 7 Purchased 2,000 shares of PepsiCo stock at $1,00 per share. July 20 Purchased 1,006 shares of Xerox stock at $17.00 per share. August 15 Received a $0.95 per share cash dividend on the Gen Company stock. August 26 sold 2,009 shares of Gen Company stock at $35,75 per share. October 1 Received a $1.90 per share cash dividend on the Pepsico shares. Decenber 15 Recelved a $1.10 per thare cash dividend on the remaining Gem Company shares. Decenber 31 Received a $1.25 per share cash dividend on the Pepsico shares. The year-end fair values per share are Gem Company, \$31.25; PepsiCo, \$48.25; and Xerox, \$14.00. Problem 15.4A (Algo) Part 1 Required: 1. Prepare journal entries to record the preceding transactions and events
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