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Current Attempt in Progress On July 1, 2025, Bramble Corporation purchased Young Cornpany by paying $256,600 cash and issuing a $102,000 note payable to Steve

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Current Attempt in Progress On July 1, 2025, Bramble Corporation purchased Young Cornpany by paying $256,600 cash and issuing a $102,000 note payable to Steve Young. At July 1,2025, the balance sheet of Young Company was as follows. The recorded amounts all approximate current values except for land (fair value of \$64,600), inventory (fair value of $125,700 ), and trademarks (fair value of $17,360) (a) Prepare the July 1 entry for Bramble Corporatian to record the purchase iCredit account tites are outomatically indented when all debil enbles tofore crest entrles) Account Tities and Explanation

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