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Assets Cash Accounts Receivable Inventory Land Buildings & Equipment Less: Accumulated Depreciation Total Assets Liabilities & Equities Accounts Payable Bonds Payable Common Stock: $16
Assets Cash Accounts Receivable Inventory Land Buildings & Equipment Less: Accumulated Depreciation Total Assets Liabilities & Equities Accounts Payable Bonds Payable Common Stock: $16 par value $10 par value Additional Paid-In Capital Retained Earnings Total Liabilities & Equities $ 842,000 $ 83,000 113,000 212,000 $ 83,000 113,000 $ 29,000 52,000 379,000 111,000 $ 29,000 $2,000 155,000 54,000 612,000 (232,000) } 87,000 552,000 44,088 27,000 401,000 344,000 (135,000) $1,214,000 $ 582,000 $687,800 $ 66,000 307,000 $ 66,000 317,000 $ 8,000 155,000 $ 8,000 143,000 186,000 84,008 38,000 245,000 5842,000 12,000 243,000 $ 502,000 Pamrod shares were selling for $150 on the date of acquisition. Required: a. Prepare a Journal entry to record the acquisition in Pamrod's books. (If no entry is required for a transaction/event, select "No Journal entry required" In the first account field.) View transaction list View journal entry worksheet No Event A Cash Accounts receivable Inventory Land General Journal Debit Credit 29.000 52,000 155,000 27.000 Buildings and equipment Goodwill Bond discount 344,000 180,000 576.200 Accounts payable Bonds payable Additional paid-in capital 8.000 155,000 08,800 4
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