On January 1, 2012, InterGalactic Company purchased the following assets and liabilities from Immensity Company for $325,000:
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Prepare a journal entry to record the purchase of Immensity byInterGalactic.
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Related Book For 
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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