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5 Elimination Entries for Intercompany Services LO2 On January 1, 20X5, Block Corporation started using a wholly owned subsidiary to deliver all its sales overnight

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5 Elimination Entries for Intercompany Services LO2 On January 1, 20X5, Block Corporation started using a wholly owned subsidiary to deliver all its sales overnight to its customers. During 205, Block recorded delivery service expense of $76,000 and made payments of $58,000 to the subsidiary. Required Give the worksheet eliminating entries related to the intercompany services needed on December 31,205, to prepare consolidated financial statements

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