ASAP

Puld owns 100% of theksued capital of Suid. Both companies in the perpetual method of accounting for inventory. Assume the tax rate is 30% Required: Smarties for each part Prepare consolidation Journal entries for the year ended 30/06/2020 for each of the following independent cases: 1. in April 2020, Suid sold inventory to PLtd for $100,000. This had originally cost suid $60,000. At 30/6/2020, s Ltd still had 25% of the inventory on hand. 2. On 30/06/2020, P Ltd declared a dividend of $12,000. On the same day, SLtd also declared a dividend of $6,000. Puld recognizes dividends when declared. Activate Windows Go to Sets to the Wind 3. On 01/1/2020, S Ltd borrowed $40,000 from P Ltd at an annual interest rate of 6%. It is a 5-year interest-only loan with interest payable half yearly. The first payment will be made on 1/7/2020 ENG O h MacBook Air Puld owns 100% of theksued capital of Suid. Both companies in the perpetual method of accounting for inventory. Assume the tax rate is 30% Required: Smarties for each part Prepare consolidation Journal entries for the year ended 30/06/2020 for each of the following independent cases: 1. in April 2020, Suid sold inventory to PLtd for $100,000. This had originally cost suid $60,000. At 30/6/2020, s Ltd still had 25% of the inventory on hand. 2. On 30/06/2020, P Ltd declared a dividend of $12,000. On the same day, SLtd also declared a dividend of $6,000. Puld recognizes dividends when declared. Activate Windows Go to Sets to the Wind 3. On 01/1/2020, S Ltd borrowed $40,000 from P Ltd at an annual interest rate of 6%. It is a 5-year interest-only loan with interest payable half yearly. The first payment will be made on 1/7/2020 ENG O h MacBook Air