Chapter 2, Problem 2.2E

(a)

To determine

Concept introduction: An accounting journal entry determines how the business transaction is being written and recorded for future purposes. Every entry must have the details of the transactions to make sure that no mistakes are being made.

To record: The entry that the glass company would make for acquisition.

(b)

To determine

Concept introduction: An accounting journal entry determines how the business transaction is being written and recorded for future purposes. Every entry must have the details of the transactions to make sure that no mistakes are being made.

The way in which the investment would appear on Glass’sunconsolidated balance sheet prepared post-purchase.

(c)

To determine

Concept introduction: An accounting journal entry determines how the business transaction is being written and recorded for future purposes. Every entry must have the details of the transactions to make sure that no mistakes are being made.

The way in which the consolidated balance sheet would appear.