Ch 1 working papers - Equipment 200000 Land 200000...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Exercise 1-2 Value Analysis Total Price Paid 1,200,000 Total Fair Value of Net Assets Cash 100000 Inventory 300000 Equipment 200000 Land 200000 Buildings 250000 Current liabilities -80000 Bonds payable -550000 Total Fair Value of Net Assets 420,000 Goodwill 780,000 Gain on Purchase of Business Entry Account Name Debit Credit Cash 100000 Inventory 300000
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Equipment 200000 Land 200000 Buildings 250000 Goodwill 780,000 Current liabilities 80,000 Bonds payable 550,000 Common Stock (60,000 Shares $5 par Stock) 300,000 Additional Paid In Capital 900,000 Acquisition Costs 25,000 Stock Registration and Issuance costs 10,000 Cash 35,000 1 Entry Account Name Debit Credit ?????? 2...
View Full Document

Page1 / 2

Ch 1 working papers - Equipment 200000 Land 200000...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online