Acct P3-17,18,19

Acct P3-17,18,19 - 100,000 Depreciation 4,000 Interest Exp...

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Andrew Townsend P3-17) Excess over BV 90,000 Land 10,000 Buildings 40,000 10,000 per yr Equipment -20,000 -4,000 per yr Goodwill 60,000 December 31, 2009 Entries Common Stock 250,000 Additional PIC 50,000 RE 100,000 Investment 400,000 Equity in Sub Inc 74,000 Investment 74,000 Land 10,000 Buildings 40,000 Goodwill 60,000 Equipment 20,000 Investment 90,000 Investment 10,000 Dividends 10,000 Depreciation 6,000 Equipment 4,000 Buildings 10,000 December 31, 2010 Entries Common Stock 250,000 Additional PIC 50,000 RE 170,000 Investment 470,000
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Income 104,000 Investment 104,000 Land 10,000 Buildings 30,000 Goodwill 60,000 Equipment 160,000 Investment 84,000 Investment 30,000 Dividends 30,000 Depreciation 6,000 Equipment 4,000 Buildings 10,000 P3-18) Excess over BV 100,000 Equipment 20,000 4,000 per yr LT Liabilities 30,000 7,500 per yr Goodwill 50,000 December 31, 2009 Entries Common Stock 250,000 Additional PIC 50,000 RE 100,000 Investment 400,000 Equipment 20,000 LT Liabilities 30,000 Goodwill 50,000 Investment
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Unformatted text preview: 100,000 Depreciation 4,000 Interest Exp 7,500 Equipment 4,000 LT Liabilities 7,500 December 31, 2010 Entries Investment 58,500 RE 58,500 Common Stock 250,000 Additional PIC 50,000 RE 170,000 Investment 470,000 Equipment 16,000 LT Liabilities 22,500 Goodwill 50,000 Investment 88,500 Depreciation 4,000 Interest Exp 7,500 Equipment 4,000 LT Liabilities 7,500 P3-19) Excess over BV 120,000 December 31, 2009 Entries Common Stock 250,000 Additional PIC 50,000 RE 100,000 Investment 400,000 Goodwill 120,000 Investment 120,000 Equity 80,000 Investment 80,000 Investment 10,000 Dividends Pd 10,000 December 31, 2010 Entries Common Stock 250,000 Additional PIC 50,000 RE 170,000 Investment 470,000 Goodwill 120,000 Investment 120,000 Equity 110,000 Investment 110,000 Investment 30,000 Dividends Pd 30,000...
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Acct P3-17,18,19 - 100,000 Depreciation 4,000 Interest Exp...

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