Journal entry worksheet Record the sales of the Playday doghouses. Note: Enter debits before credits. Prepare the worksheet consolidation entry(ies) needed in preparing consolidated financial statements for 204 to remove all effects of the intercompany sale. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Consolidation Worksheet Entries Journal entry worksheet Record the cost of goods sold. Note: Enter debits before credits. Journal entry worksheet Journal entry worksheet Record the sales of the Playday doghouses. Note: Enter debits before credits. Prepare the journal entries Saturn recorded for the purchase of inventory and resale to retall establishments in 204 Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Planet Corporation acquired 90 percent of Saturn Company's voting shares of stock in 20X1. During 20X4, Planet purchased 40,000 Playday doghouses for $31 each and sold 25,000 of them to Saturn for $37 each Saturn sold all of the doghouses to retail establishments prior to December 31,204, for $52 each. Both companies use perpetual inventory systems Required: a. Prepare the journal entries. Planet recorded for the purchase of inventory and resale to Saturn Company in 204 Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the purchase of inventory. Note: Inter debits before credits