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heck my work Check 2 16.66 points Planet Corporation acquired 90 percent of Saturn Company's voting shares of stock in 20X1. During 20x4, Planet purchased

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heck my work Check 2 16.66 points Planet Corporation acquired 90 percent of Saturn Company's voting shares of stock in 20X1. During 20x4, Planet purchased 56,000 Playday doghouses for $32 each and sold 41000 of them to Saturn for $40 each, Saturn sold 34,000 of the doghouses to retail establishments prior to December 31, 20X4, for $55 each Both companies use perpetual inventory systems Required: o. Prepare all journal entries Planet recorded for the purchase of inventory and resale to Saturn Company in 20x4. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 01570) View transaction list Pint Reference Journal entry worksheet Record the purchase of inventory. Note: Enter debits before credits 2 Check my work b. Prepare the journal entries Saturn recorded for the purchase of inventory and resole to retoll establishments in 20x4.(if no entry is required for a transaction/event, select "No journal entry required" in the first account tield.) View transaction lit 16.66 points 8015422 Journal entry worksheet Record the purchase of inventory on account. Roces Note: Totor debits before credits Event General Journal Debit Credit 2 Check my work c. Prepare the worksheet consolidation entrylles) needed in preparing consolidated financial statements for 20x4 to remove the effects of the intercompany sale (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 16.66 point view transaction list 8 015554 Consolidation Worksheet Entries

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