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?

9) Immediately following an acquisition, the Alpha Company's balance sheet included cash $50,000, investment in subsidiary $200,000, plant assets $450,000, and liabilities $150,000.The wholly owned subsidiary (Bravo-Zulu Company) had cash $75,000, plant assets $145,000, and liabilities $60,000.All balances are normal. There are no other assets or liabilities, and the given values for the subsidiary are also equal to their fair values.Use this information to determine the dollar value of Goodwill that will be recorded in Alpha Company's consolidated balance sheet?

10)

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 determine the dollar amounts that should be reported by Alpha Company during 2017 for the following items:

1. Dividend Income

2. Unrealized Gain/Loss - OIC (If a loss, enter the amount with dollar sign inside of brackets)

3. Available-for-Sales Securities

11)On December 31, 2016, Alpha Company invested $10,000 in 2 years, certificate with a 4% annual interest rate with semi-annual compounding. Use this information to determine the maturity value of the certificate on December 31, 2018? (Round your answer to the nearest whole dollar.)

12) On June 30, 2016, Alpha Corporation issued $600,000 of 7%, 10-year bonds at 98 its semiannual interest date.Alpha uses the straight-line method for amortization. Use this information to determine the carrying value of this bond issue after adjusting entries have been made on December 31, 2018? Round your answer to the nearest whole dollar.