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Camille, Inc., sold $ 1 4 5 , 0 0 0 in inventory to Eckerle Company during 2 0 2 0 for $ 2 5
Camille, Inc., sold $ in inventory to Eckerle Company during for $ Eckerle resold $ of this merchandise in with the remainder to be disposed of during Assuming that Camille owns percent of Eckerle and applies the equity method, what journal entry is recorded at the end of to defer the intraentity gross profit? If no entry is required for a transactionevent select No journal entry required" in the first account field. Do not round intermediate calculations.
Journal entry worksheet
Record the entry at the end of to defer unrealized gross profit.
Note: Enter debits before credits.
tableTransactionGeneral Journal,Debit,Credit
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