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Greg's Restaurants acquired Good Food Diner. The financial records of Good Food Diner indluded: !!! (Click the icon to view the data.) Requirements 1. Make

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Greg's Restaurants acquired Good Food Diner. The financial records of Good Food Diner indluded: !!! (Click the icon to view the data.) Requirements 1. Make the journal entry to record Greg's Restaurants' purchase of Good Food Diner for $350,000 cash, including any goodwill 2. How should Greg's Restaurants account for this goodwill after acquiring Good Food Diner? Explain in detail Requirement 1. Make the journal entry to record Greg's Restaurants' purchase of Good Food Diner for $350,000 cash, including any goodwill. (Record debits first, then credits. Exclude explanation from the journal entry) Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Nols and then 0 Data Table Book Value of Assets ........ $ Market Value of Assets ....... Market Value of Liabilities. 470,000 540,000 210,000 Print Done

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