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i need help with b please On July 1. 2025, Marigold Corporation purchased Young Company by paying $252.700 cash and issaing a $136,000 note payable
i need help with b please
On July 1. 2025, Marigold Corporation purchased Young Company by paying $252.700 cash and issaing a $136,000 note payable to steve Young At July 1, 2025, the baiance sheet of Young Company was as follows The recorded amounts all approxienate current values except for land (fair valye of $63,600 ) inventory (fair value of $124,900), and trademarks (fair value of $16.720 ) Prepare the July 1 entry for Marigold Corporation to record the purchase. (Credit account titles are automatically indented when amount is entered, Do not indent manisally. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List. oll debit entries before credit entries.) Prepare the December 31 entry for Marigold Corporation to record amortization of intangibles. The trademark has an estimated useful Ilfe of 4 years with a residual value of 54,240 . CCredit account tales are automatically indented when amount is entered. Do not indent manually if no entry is requined, select "No Entry" for the occount titles and enter O for the amounts. List debit entry before credl entry Step by Step Solution
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