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please advise Thank you Pun Corporation concluded the fair value of Slender Company was $68,000 and paid that amount to acquire its net assets. Slender

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please advise

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Pun Corporation concluded the fair value of Slender Company was $68,000 and paid that amount to acquire its net assets. Slender reported assets with a book value of $51,000 and fair value of $68,000 and liabilities with a book value and fair value of $25,000 on the date of combination. Pun also paid $71000 to a search firm for nder's fees related to the acquisition. Required: Prepare thejournal entries to be made by Pun to record its investment in Slender and its payment of the finder's fees. {If no entry is required for a trons-octionfevent. select \"No journal entry required" in the rst account eld.} View transaction \"SI Journal entry worksheet Record the payment of nder's fees. Note: Enter debits before credits. View general jo urnal Pun Corporation concluded the fair value of Slender Company was $68,000 and paid that amount to acquire its net assets. Slender reported assets with a book value of $51,000 and fair value of $68,000 and liabilities with a book value and fair value of $25,000 on the date of combination. Pun also paid $7,000 to a search firm for nder's fees related to the acquisition. Required: Prepare thejournal entries to be made by Pun to record its investment in Slender and its payment ofthe finder's fees. {If no entry is required for o tronsoctionievent. select \"No journal entry required" in the rst account eld.} View transaction list Journal entry worksheet

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