Required information
[the following information applies to the questions displayed below.]
rose company had no short-term investments prior to year 2017. it had the following
transactions involving short-term investments in available-for-sale securities during
2017.
apr. 16 purchased 4,000 shares of gem co. stock at $28.00 per share plus a $400
brokerage fee
may 1 paid $120,000 to buy 3-month u. s. treasury bills (debt securities): $120,000
principal amount, 4% interest, securities mature on july 31.
july 7 purchased 2,000 shares of pepsico stock at $52.00 per share plus a $370
brokerage fee.
20 purchased 1,000 shares of xerox stock at $19.00 per share plus a $450
brokerage fee.
aug. 1 received a check for principal and accrued interest on the u. s. treasury
bills that matured on july 31.
15 received an $.85 per share cash dividend on the gem co. stock.
28 sold 2,000 shares of gem co. stock at $34.75 per share less a $499 brokerage
fee.
oct. 1 received a $1.60 per share cash dividend on the pepsico shares.
dec. 15 received a $1.00 per share cash dividend on the remaining gem co. shares.
31 received a $1.18 per share cash dividend on the pepsico shares.