P9-34A (similar to) Midland Twe.com provides connaion ervices in town, Netra, the Dates, and Marina Miland Telecom purchased goodwill as part of the equition of the Wess Enterprises which had the following Requirement. Joace the entry to record Midland Telecom's purchase of Shipley Winess for $280,000 cash plus a 1420.000 note payable (ecord debits first, the credits the explanation on the one of the journalist Date Account and Explanation Debit Crede Data Table $ Book value of Market value of Market value of lates 800.000 1.000.000 $20.000 0 Requirements Done 1. Joumalize the entry to record Midland Telecom's purchase of Shipley Wireless for $280.000 cash plus a $420,000 note payable 2. What speciale des Midland Telecom's coustion of Shipley Wireless idently? How should dand Telecom account for this asset after acquiring Shipley Wir? Explain in de ver Print Done Clear All Check Answer Question Help Midland Telecom provides communication services in town, Nebraska, the Dakota and Montana Midand Telecom purchased goodwill as part of the acquisition of Shipley Wess Enterprises, which had the following fores Click the loon to view the data) Read the event Requirement 1. Journal the entry to record Midland Telecom's purchase of Shipley Wireless for $280.000 cash as a 420.000 note payable Record stort the croSlect the nation on the line of the many Accounted plante Requirements 1. Journaize he entry to record Midland Telecom's purchase of Shipley Wireless for $200.000 cash plus a $420,000 note payable 2. What specials does Midland Telecom's acquisition of Shipley Wireless Identity? How shoult Midland Telecom account for this asset or acquiring Shipley Wireless? Explain in detail Book of Market value of a Market value of 800.000 1.000.000 520.000 Print Done Print Done Choose from any list of enter any number in the input fields and then click Check