please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) The following book and fair values were available for Beech Company as of June 1:Book Value Fair Value$551,500 $ 515,250771,000 1,050,7501,895,000 2,252,000T825,000(102,000) (102,000)(2,000,000)(500,000)(430,000)InventoryLandBuildingsTrademarksAccounts payableCommon stockAdditional paid-in capitalRetained earnings, 1/1RevenuesExpensesAlder Company pays $4,040,000 cash and issues 20,500 shares of its $2 par value common stock (fair value of $50 per share) for allof Beech's common stock in a merger, after which Beech will cease to exist as a separate entity. Stock issue costs amount to $27,600,and Alder pays $46,900 for legal fees to complete the transaction.View transaction listRequired:Prepare Alder's journal entries to record its acquisition of Beech.Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.Journal entry worksheet<Items<1Transaction11Note: Enter debits before credits.Record the acquisition of Beech Company.2Transaction223Note: Enter debits before credits.Transaction33 |Record the legal fees related to the combination.(495,500)310,000General JournalJournal entry worksheet< 1 2 3Record entryGeneral JournalRecord the payment of stock issuance costs.Note: Enter debits before credits.00General JournalClear entryDebitDebitDebitCreditCreditCredit>View general journal>>

Journal entry records the accounting transactions of a business in a journal book. All the business…

The following book and fair values were available for Beech Company as of June 1: Items Inventory Land Buildings Trademarks Accounts payable Common stock Additional paid-in capital Retained earnings, 1/1. Revenues Expenses Book Value $551,500 Fair Value $ 515,250 771,000 1,050,750 1,895,000 2,252,000 825,000 (102,000) (102,000) (2,000,000) 0 (500,000) (430,000) (495,500) 310,000 0 0 0

The following book and fair values were available for Beech Company as of June 1: Items Inventory Land Buildings Trademarks Accounts payable Common stock Additional paid-in capital Retained earnings, 1/1. Revenues Expenses Book Value $551,500 Fair Value $ 515,250 771,000 1,050,750 1,895,000 2,252,000 825,000 (102,000) (102,000) (2,000,000) 0 (500,000) (430,000) (495,500) 310,000 0 0 0

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Will you please provide the formulas (explanation) to understand the results or numbers that were added in the solution?
What information is provided by this statement? Describe the steps to create the statement - choose either the direct or indirect method in your response.
Please provide the introductory part and answer for question D.
Use the information in the following table to answer the questions below
Can i have the steps in formula form please
where is the correcting entry of the following?
Is it a turnaround document contain information that subsequently used as a source document? Please state the reason why or why not
Making the information physically available or accessible to the potential users is termed as: a. Content utility b. Form utility c. Place utility d. Time utility
Give an application for a replicated database.
s
show journal entry (for part b) assuming estimate is considered to be accurate. and show a journal entry (from part b) assuming the amount is large enough to intentionally impact decision of users.
Please show the calculations for one of them how the NRV(b is received.