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Allerton Company acquires all of Deluxe Company's assets and liabilities for cash on January 1, 2021, and subsequently formally dissolves Deluxe. At the acquisition date,

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Allerton Company acquires all of Deluxe Company's assets and liabilities for cash on January 1, 2021, and subsequently formally dissolves Deluxe. At the acquisition date, the following book and fair values were available for the Deluxe Company accounts: 182. Prepare Allerton's entry to record its acquisition of Deluxe in its accounting records assuming the following cash exchange amounts: $132,000 and $86,000. (If no entry is required for o transaction/event, select "No journal entry required" in the first occount field.) Journal entry worksheet Record the acquisition of Delex assuming the cash exchange of $86,000. Journal entry worksheet Record the acquisition of Delex assuming the cash exchange of $132,000. Note: Enter debits before credits. Journal entry worksheet Record the acquisition of Delex assuming the cash exchange of $86,000. Note: Enter debits before credits. View transaction list 1 Record the acquisition of Delex assuming the cash exchange of $132,000. 2 Record the acquisition of Delex assuming the cash exchange of $86,000. 000. Note : = journal entry has been entered Record entry Clear entry View general journal

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