Question

4 Required Informatlion Problem 15-2A Recording,.adjusting, and reporting short-term available-for-sale securities LO P3 The following information applies to the questions displayed below Part 1 of 3 Rose Company had no short term investments prior to year 2017 It had the following transections involving short-term points Apr. 16 Purchased 4,eee shares of Gen Co. stock at $24.25 per share plus a $188 brokerage fee Nay apaid s1ee,en to buy 3-sonth u.s. Treasury bills (debt securities): s1e9,eee principle anount, et interest, Duly 7Purchased 2,e0e shares of Pepsico stock at $49.25 per share plus a $175 brokerage fee. Ag 1 Received a check for principal and accrued interest on the u.s. Treasury bills that natured on July 31 securities nature on July 31 28 Purchased 1,eee shares of Xerox stock at $16.75 per share plus a $2e5 brokerage fee. 15 Received an $e.85 per share cash dividend on the Gem Co. stock 28 Sold 2,eee shares of Gen Co. stock at $38 per share less a $225 brokerage fee Oct. 1Received a $1.90 per share cash dividend on the Pepsico shares. Dec. 15 Received a $2.e5 per share cash dividend on the renaining Gen co. shares. 31 Received a $1.38 per share cash dividend on the Pepsico shares. Problem 15-2A Part 1 Required: 1. Prepare journal entries to record the preceding transactions and events. (If no entry Is required for e transaction/event, select "No Journel entry required" in the first account field. 3 Answer is not compląte No Date General Journal Debit Credit Aor 10, 2017 Short-term investmets-AFS(Gem) Cash Frey Next

Answer 1

Part 2

Particulars	cost	FV	Unrealized Gain or Loss
G	48590	53000
P	98675	93000
X	16955	13750	4470

PArt 3

Unrealized Loss Debit by $ 4470

Fair Value Adjustment (ST) Credit by $ 4470