Chapman Company obtains $100$ percent of Abernethy Company's stock on January $1,2023.$ As of that date, Abernethy has the following trial balance:

$\backslash$table$[[$Items$,$Debit,Credit$],[$Accounts payable,$-,$$$50,800$

Chapman Company obtains $100$ percent of Abernethy Company's stock on January $1,2023.$ As of that date, Abernethy has the following trial balance:

$\backslash$table$[[$Items$,$Debit,Credit$],[$Accounts payable,$-,$$$50,800$