an 21 Derember 7 on the following terms: Doe Bhd was to pay the expenses of transferring Kay w respectively. Required: i. Calculate the consideration transferable for acquiring Ray Bhd and Me Bhd. ii. Prepare the journal entries to close the books of Ray Bhd. iii. Prepare the ledger entries to close the books of Me Bhd. iv. Prepare the statement of financial position of Doe Bhd immediately after the absorption of the two companies. an 21 Derember 7 on the following terms: Doe Bhd was to pay the expenses of transferring Kay w respectively. Required: i. Calculate the consideration transferable for acquiring Ray Bhd and Me Bhd. ii. Prepare the journal entries to close the books of Ray Bhd. iii. Prepare the ledger entries to close the books of Me Bhd. iv. Prepare the statement of financial position of Doe Bhd immediately after the absorption of the two companies