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Prepare the general entry journal entry

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Question - On Jan 1, 2017, Alpha Company purchased a significant influence shares investment in the Bravo-Zulu Company for $250,000. The investment balance represents 30% of the equity of the Bravo-Zulu Company. During 2017, Bravo-Zulu Company reported Net Income of $25,000 on Nov 15, 2017 Bravo-Zulu Company paid cash dividends of $10,000 to its shareholders. Use this information to prepare the Jan 1, Nov 15 and Dec 21, 2017 General Entry Journal Entry (without explanation.) If no entry is required, the write "No Entry Required."

Reference no: EM131630164

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