2. Company C purchased Company D for $600 on June 26. The trial balances of C & D prior to acquisition are as follows:

C D

Cash 800 500

Supplies 100 65

Accrued salaries (110) (45)

Common stock (50) (100)

Retained earnings (510) (420)

Revenue (620)

Expense 390

R: Prepare the journal entry for the purchase, the consolidating entries at date of acquisition, and the resulting consolidated trial balance.