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Please complete for dissolving and not dissolving. 19. NEWTUNE, INC., AND ON-THE-GO CO. Consolidation Worksheet January 1, 2009 Consolidation Entries NewTune, Inc. On-the-Go Co. Accounts
Please complete for dissolving and not dissolving.
19. NEWTUNE, INC., AND ON-THE-GO CO. Consolidation Worksheet January 1, 2009 Consolidation Entries NewTune, Inc. On-the-Go Co. Accounts Consolidated Totals Cash Receivables Investment in On-the-Go 35,000 150,000 750,000 29,000 65,000 -- Trademarks: Record music catalog Capitalized R&D Equipment Goodwill 400,000 840,000 95,000 60,000 -0- 320,000 -0- 105,000 Totais Accounts payable Notes payable Common stock Additional paid-in capital Retained earnings Totals 2.495.000 110,000 370,000 460,000 695,000 860,000 2.495.000 354.000 34,000 50,000 50,000 30,000 190,000 354,000Step by Step Solution
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