2)On January 2, 2017, Alpha Company purchased 10,000 shares of the stock of Zulu Company, and did not obtain significant influence.The investment is intended as a long-term investment.The stock was purchased for $10 per share, and represents a 10% ownership stake.Zulu Company made $25,000 of net income in 2017, and paid dividends of $10,000 on December 15, 2017.On December 31, 2017, Zulu Company's stock was trading on the open market for $12 per share at the end of the year.Use this information to prepare the General Journal entry(ies) (without explanation) for January 2 purchase and the December 15 & 31, 2017 record of income & gain/loss. If no entry is required then write "No Entry Required."

3) Alpha company signed a $100,000 mortgage on July 1, 2016 for the purchase of their new garage building. The mortgage entailed equal monthly payments of $2,500 at the end of each month. The interest rate is 0.25% per month.Use this information to prepare the General Journal entry (without explanation) for the August 31, 2016 monthly mortgage payment. If no entry is required then write "No Entry Required." (Round your answer to the nearest whole dollar.)

5) Alpha Corporation issued $100,000 of 3%, 15-year bonds on June 1, 2016 (dated April 1 2016) at 101 plus accrued interest, which is paid on April 1 and October 1.

Use this information to prepare the General Journal entry (without explanation) to record the June 1, 2016 bond issue. If no entry is required then write "No Entry Required."

7) Alpha company purchased a bond investment on January 1, 2017.The bonds have a par of $10,000, pay interest at a 4% annual rate and have 5 years until maturity. What is the total Interest Income that will be reported over the life of the bond investment if the bonds were purchased at 102 and Alpha uses the straight line amortization method?