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need the 3 journal entries for this!! Record the acquisition of Beech Company. Note: Enter debits before credits. Record the payment of stock issuance costs.
need the 3 journal entries for this!!
Record the acquisition of Beech Company. Note: Enter debits before credits. Record the payment of stock issuance costs. Note: Enter debits before credits. The following book and fair values were available for Beech Company as of June 1 : Alder Company pays $3,800,000 cash and issues $1,300 shares of its $2 par value common stock (fair value of $50 per share) for all of Beech's common stock in a merger, after which Beech will cease to exist as a separate entity. Stock issue costs amount to $28,900, and Alder pays $48,000 for legal fees to complete the transaction. Required: Prepare Alder's journal entries to record its acquisition of Beech Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Record the legal fees related to the combination. Note: Enter debits before credits Step by Step Solution
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