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Journal entry worksheet Record the acquisition of Westmont Company. Note: Enter debits before credits. Journal entry worksheet Record the payment of stock issuance costs. Note:
Journal entry worksheet Record the acquisition of Westmont Company. Note: Enter debits before credits. Journal entry worksheet Record the payment of stock issuance costs. Note: Enter debits before credits. Journal entry worksheet Record the legal fees related to the combination. Note: Enter debits before credits. The following book and fair values were available for Westmont Company as of March 1. Arturo Company pays $4,180,000 cash and issues 22,700 shares of its $2 par value common stock (fair value of $50 per share) for all of Westmont's common stock in a merger, after which Westmont will cease to exist as a separate entity. Stock issue costs amount to $32,200 and Arturo pays $45,400 for legal fees to complete the transaction. Prepare Arturo's journal entries to record its acquisition of Westmont. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Record the acquisition of Westmont Company. Record the legal fees related to the combination. Record the payment of stock issuance costs
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