Class Ch 2 In-class Consolidation Worksheet

Class Ch 2 In-class Consolidation Worksheet - 1,585,000...

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Accounts Alpha Co Beta Inc Consolidation Entries Consolidated Totals Debit Credit Balance Sheet Cash 220,000 40,000 260,000 Accounts Receivable 170,000 30,000 200,000 Inventory 230,000 120,000 350,000 Investment in Beta Inc 355,000 250,000 - 105,000 Land 50,000 35,000 30,000 115,000 450,000 180,000 45,000 675,000 (100,000) (100,000) Copyrights 40,000 10,000 15,000 65,000 Goodwill 20,000 20,000 Total Assets 1,415,000 415,000
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Unformatted text preview: 1,585,000 Current Liabilities 192,000 65,000 257,000 Contingent Performance Liability 60,000 60,000 Bonds Payable 0 100,000 5,000 105,000 Total Liabilities 252,000 165,000 422,000 Common Stock 120,000 50,000 50,000 120,000 APIC 450,000 70,000 70,000 450,000 Retained Earnings, 31 Dec 593,000 130,000 130,000 593,000 Total Equities 1,163,000 250,000 1,163,000 Total Liabilities & Equities 1,415,000 415,000 360,000 360,000 1,585,000...
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