Write the journal entries for each:Rose Company had no short-term investments prior to year...

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Accounting

Write the journal entries for each:

Rose Company had no short-term investments prior to year 2017. Ithad the following transactions involving short-term investments inavailable-for-sale securities during 2017.
Apr. 16 Purchased 10,000 shares of Gem Co.stock at $28.75 per share plus a $460 brokerage fee.
May 1 Paid $190,000 to buy 3-month U.S.Treasury bills (debt securities): $190,000 principal amount, 6%interest, securities mature on July 31.
July 7 Purchased 5,000 shares of PepsiCostock at $49.00 per share plus a $430 brokerage fee.
20 Purchased 2,500 shares of Xeroxstock at $19.00 per share plus a $510 brokerage fee.
Aug. 1 Received a check for principal andaccrued interest on the U.S. Treasury bills that matured on July31.
15 Received an $.90 per share cashdividend on the Gem Co. stock.
28 Sold 5,000 shares of Gem Co. stockat $35.50 per share less a $550 brokerage fee.
Oct. 1 Received a $1.90 per share cashdividend on the PepsiCo shares.
Dec. 15 Received a $1.05 per share cashdividend on the remaining Gem Co. shares.
31 Received a $1.25 per share cashdividend on the PepsiCo shares.

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Rose Company General journal entries Date Description Debit Credit Apr 16 Short term investment GEM 100002875460 287960 Cash 287960 Stock purchased May 1 Short term investment T See Answer

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In: AccountingWrite the journal entries for each:Rose Company had no short-term investments prior to year 2017....Write the journal entries for each:Rose Company had no short-term investments prior to year 2017. Ithad the following transactions involving short-term investments inavailable-for-sale securities during 2017.Apr.16Purchased 10,000 shares of Gem Co.stock at $28.75 per share plus a $460 brokerage fee.May1Paid $190,000 to buy 3-month U.S.Treasury bills (debt securities): $190,000 principal amount, 6%interest, securities mature on July 31.July7Purchased 5,000 shares of PepsiCostock at $49.00 per share plus a $430 brokerage fee.20Purchased 2,500 shares of Xeroxstock at $19.00 per share plus a $510 brokerage fee.Aug.1Received a check for principal andaccrued interest on the U.S. Treasury bills that matured on July31.15Received an $.90 per share cashdividend on the Gem Co. stock.28Sold 5,000 shares of Gem Co. stockat $35.50 per share less a $550 brokerage fee.Oct.1Received a $1.90 per share cashdividend on the PepsiCo shares.Dec.15Received a $1.05 per share cashdividend on the remaining Gem Co. shares.31Received a $1.25 per share cashdividend on the PepsiCo shares.

Apr.	16	Purchased 10,000 shares of Gem Co.stock at $28.75 per share plus a $460 brokerage fee.
May	1	Paid $190,000 to buy 3-month U.S.Treasury bills (debt securities): $190,000 principal amount, 6%interest, securities mature on July 31.
July	7	Purchased 5,000 shares of PepsiCostock at $49.00 per share plus a $430 brokerage fee.
	20	Purchased 2,500 shares of Xeroxstock at $19.00 per share plus a $510 brokerage fee.
Aug.	1	Received a check for principal andaccrued interest on the U.S. Treasury bills that matured on July31.
	15	Received an $.90 per share cashdividend on the Gem Co. stock.
	28	Sold 5,000 shares of Gem Co. stockat $35.50 per share less a $550 brokerage fee.
Oct.	1	Received a $1.90 per share cashdividend on the PepsiCo shares.
Dec.	15	Received a $1.05 per share cashdividend on the remaining Gem Co. shares.
	31	Received a $1.25 per share cashdividend on the PepsiCo shares.