1. Investments No Significant Influence - During the latter part 2020, Hannah Manufacturing had excess cash and made the following investments

1. Prepare journal entries for each of these transactions.

September 5^th: Purchased 25,000 shared of Allison Company common stock for $12 per share. These shares were classified as Fair Value Through Net Income (FVTNI).

July 1^st: Purchased $500,000 face value of Boeing Corporation 4% Coupon Bonds which mature in 10 years. The bonds were purchased for $461,027 which implied an effective rate of 5% (2.5% per period). The bonds pay interest on June 30^th and December 31^st of each year. The bonds were classified as Held to Maturity (HTM).

November 15^th: Received a $250 dividend on the Allison Company common stock.

December 1^st: Purchased $300,000 face value of Microsoft Bonds. The bonds had a 4% coupon rate and were purchased at face value. The bonds pay interest on March 31^st and September 30^th of each year. These bonds were classified as Available for Sale (AFS).

1. December 31^st 2020: Record two journal entries. The first for the interest payment received on the Boeing bonds as well as the amortization of discount, and the second for interest accrued on the Microsoft bonds.

2. Record any market value adjustments on these securities required as of December 31, 2020. The fair market value of each of the securities at December 31^st was as follows:

Allison Company Stock: $15 per share

Boeing Bonds: $475,000

Microsoft Bonds: $305,000

1. December 31^st 2020: Record two journal entries. The first for the interest payment received on the Boeing bonds as well as the amortization of discount, and the second for interest accrued on the Microsoft bonds.

2. Record any market value adjustments on these securities required as of December 31, 2020. The fair market value of each of the securities at December 31^st was as follows:

Allison Company Stock: $15 per share

Boeing Bonds: $475,000

Microsoft Bonds: $305,000