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On January 1, 20X5, Potter Corporation started using a wholly owned subsidiary to deliver all its sales overnight to its customers During 20X5, Potter recorded
On January 1, 20X5, Potter Corporation started using a wholly owned subsidiary to deliver all its sales overnight to its customers During 20X5, Potter recorded delivery service expense of $76,000 and made payments of $58,000 to the subsidiary Required Prepare the worksheet consolidation entries related to the intercompany services needed on December 31, 20X5, to prepare consolidated financial statements. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) view transaction list Consolidation Worksheet Entries
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