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a. What balances appear in the December 31, 2020, trial balances of PF and Sessions with respect to these intercompany services? What balances should appear

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a. What balances appear in the December 31, 2020, trial balances of PF and Sessions with respect to these intercompany services? What balances should appear on the consolidated financial statements? Use negative signs with answers to indicate a Credit (Cr) balance. Enter answers using all zeros (do not abbreviate answers to millions or thousands). PF Consolidated Inc. Dr (Cr) Sessions Athletic Gear Dr (Cr) Consolidated Balances Dr (Cr) Accounts receivable Accounts payable Consulting revenue Administrative expenses b. Prepare the working paper eliminating entries needed for these intercompany services at December 31, 2020. Enter answers using all zeros (do not abbreviate answers to millions or thousands). Description Debit Credit To eliminate intercompany receivables/payables. To eliminate intercompany revenues/expenses

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