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On January 1st 2022 the Dumbledore and Voldomort Companies had the following Balance Sheets: 1) Make the journal entry Voldomort makes when it acquires Dumbledore's

image text in transcribed On January 1st 2022 the Dumbledore and Voldomort Companies had the following Balance Sheets: 1) Make the journal entry Voldomort makes when it acquires Dumbledore's stock 2) Make the journal entry Dumbledore makes when its stock is acquired by Voldomort 3) Make the necessary worksheet entries for the consolidation 4) Prepare a consolidated balance sheet on January 2 nd 2022

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