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Accounting

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[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 10,000 sharen of Gem Company stock at $20.25 per shere. July 7 Purchased 5,000 shares of Pepsico stock at $51.00 per share. July 20 Purchased 2,500 shares of Xerox stock at $16.00 per share. Augunt 15 Recelved a $0.95 per share cash dividend on the Gein Company stock. August 28 Sold 5,000 shares of Gem Company stook at $27,00 per ahare. Oetober 1 Received a $1.50 per share cash dividend on the Pepaico sharen. December 15 Received a $1.10 per share canh dividend on the remaining Cem Company shares. December 31 Received a $1.35 per share cash dividend on the Pepsico shares. The year-end fair values per share are Gem Company, \$22.50; PepsiCo, $48.25; and Xerox, $13.00. 1. Prepare journal entries to record the preceding transactions and events. Journal entry worksheet 2 3 4 5 6 7 8 Purchased 10,000 shares of Gem Company stock at $20.25 per share. Note: Enter debits before credits

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