Perry company had no short-term investments prior to year

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Reference no: EM13585284

Perry Company had no short-term investments prior to year 2011. It had the following transactions involving short-term investments in available-for-sale securities during 2011.

Apr.	16	Purchased 8,000 shares of Gem Co. stock at $24.25 per share plus a $360 brokerage fee.
May	1	Paid $200,000 to buy 90-day U.S. Treasury bills (debt securities): $200,000 principal amount, 6% interest, securities dated May 1.
July	7	Purchased 4,000 shares of PepsiCo stock at $49.25 per share plus a $350 brokerage fee.
	20	Purchased 2,000 shares of Xerox stock at $16.75 per share plus a $410 brokerage fee.
Aug.	3	Received a check for principal and accrued interest on the U.S. Treasury bills that matured on July 29.
	15	Received an $0.85 per share cash dividend on the Gem Co. stock.
	28	Sold 4,000 shares of Gem Co. stock at $30 per share less a $450 brokerage fee.
Oct.	1	Received a $1.90 per share cash dividend on the PepsiCo shares.
Dec.	15	Received a $1.05 per share cash dividend on the remaining Gem Co. shares.
	31	Received a $1.30 per share cash dividend on the PepsiCo shares.

Prepare a table to compare the year-end cost and fair values of Perry's short-term investments in available-for-sale securities. The year-end fair values per share are: Gem Co., $26.50; PepsiCo, $46.50; and Xerox, $13.75.

Reference no: EM13585284

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