Required information [The following information applies to the questions displayed below] Rose Company had no...
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Required information [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. Apri1 16 Purchased 3,500 nhares of Cem Company stook at $24 per share. July 7 purchaned 2,000 whares of Pepeico stook at 149 per share. july 20 purehased 1,000 whares of xerox stoek at 116 per ahare. Auguast 15 Received a $1.00 pex share eash dividend on the cen Conpany atoek. Auguat 28 sold 2,000 ahares of Cen Coepany stock at $30 per share. october 1 Received a $2.50 per share cash dividend on the Pepsico nhares. Decenber 15 Received a $1.00 per whare cash dividend on the renaining Cem Company shares. Decenber 31 Recelved a $1,50 per share cash dividend on the Pepsico shares. The year-end fair values per share are Gem Company. \$26; PepsiCo, \$46; and Xerox, \$13. equired: Prepare journal entries to record the preceding transactions and events. (Do not round your intermediate calculations.)
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