please answer correctly and completly. please show all work i need help! thank you!
Pintime Industries Incorporated entered into a business combination agreement with Sydrolized Chemical Corporation (SCC) to ensure an uninterrupted supply of key row materials and to realize certain economles from combining the operating processes and the marketing efforts of the two companies. Under the terms of the agreement, Pintime issued 180,400 shares of its $2 par common stock in exchange for all of SCC's assets and liabilities. The Pintime shares then were distributed to SCC s shareholders, ond SCC was liquidated. Immediately prior to the combination, SCC's balance sheet appeared as follows, with fair values aiso indicated: Immediately prior to the combination, Pintime's common stock was selling for $15 per share. Pintime incurred direct costs of $144,00 in arranging the business combination and $49.000 of costs associated with registering and issuing the common stock used in the combination. Required: o. Prepore all journal entries that Pintime should have entered on its books to record the business combination. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. quired: Prepare all journal entries that Pintime should have entered on its books to record the business combination. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Required: a. Prepare all journal entries that Pintime should have entered on its books to record the business combination. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Required: a. Prepare all journal entries that Pintime should have entered on its books to record the business combination. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account fiel Journal entry worksheet Prepare all journal entries that should have been entered on SCC's books to record the combination and the distribution of the stock received. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Prepare all joumal entries that should have been entered on SCCs books to record the combination and the distribution of the stock recelved: Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Journal entry worksheet Record the retirement of SCC stock and distribution of Pintime Industries stock. Note: Enter debits before credits. Pintime Industries Incorporated entered into a business combination agreement with Sydrolized Chemical Corporation (SCC) to ensure an uninterrupted supply of key row materials and to realize certain economles from combining the operating processes and the marketing efforts of the two companies. Under the terms of the agreement, Pintime issued 180,400 shares of its $2 par common stock in exchange for all of SCC's assets and liabilities. The Pintime shares then were distributed to SCC s shareholders, ond SCC was liquidated. Immediately prior to the combination, SCC's balance sheet appeared as follows, with fair values aiso indicated: Immediately prior to the combination, Pintime's common stock was selling for $15 per share. Pintime incurred direct costs of $144,00 in arranging the business combination and $49.000 of costs associated with registering and issuing the common stock used in the combination. Required: o. Prepore all journal entries that Pintime should have entered on its books to record the business combination. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. quired: Prepare all journal entries that Pintime should have entered on its books to record the business combination. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Required: a. Prepare all journal entries that Pintime should have entered on its books to record the business combination. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Required: a. Prepare all journal entries that Pintime should have entered on its books to record the business combination. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account fiel Journal entry worksheet Prepare all journal entries that should have been entered on SCC's books to record the combination and the distribution of the stock received. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Prepare all joumal entries that should have been entered on SCCs books to record the combination and the distribution of the stock recelved: Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Journal entry worksheet Record the retirement of SCC stock and distribution of Pintime Industries stock. Note: Enter debits before credits
