Please help me Record the acquisition of net assets of Bagley Incorporated in Davis Inc's books Record the $25,500 cash paid for professional fees expense (b) Assume that Davis issued 142,000 ordinary shares, with a market value of $9 10 per share, to Bagley for its net assets Legal fees associated with issuing these shares amounted to $7,700 and were paid in cash Davis had 162,000 shares outstanding prior to the takeover (i) Prepare the journal entries in the records of Davis to record the business combination (If no entry is required for a transaction event, select No Journal Entry Required in the first account field ) Record the acquisition of net assets of Bagley Incorporated in Davis Inc's books Record the payment of $7,700 legal fees for the issue of 142,000 equity shares at a market value of $9 10 per share Record the $25,500 cash paid for professional fees expense Bagley Incorporated's statement of financial position as at July 31, Year 4, is as follows On August 1, Year 4, the directors of Bagley considered a takeover offer from Davis Inc , in which the corporation would sell all of its assets and liabilities Davis's costs of investigation and drawing up the merger agreement would amount to $25,500 Required (a) Assume that Davis made a $1,292,200 cash payment to Bagley for its net assets Prepare the journal entries in the accounting records of Davis to record the business combination (If no entry is required for a transaction event, select No Journal Entry Required in the first account field )

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Please help me Record the acquisition of net assets of Bagley Incorporated in Davis Inc's books. Record the $25,500 cash paid for professional fees expense.

Please help me

Record the acquisition of net assets of Bagley Incorporated in Davis Inc's books.
Record the $25,500 cash paid for professional fees expense.

(b) Assume that Davis issued 142,000 ordinary shares, with a market value of $9.10 per share, to Bagley for its net assets. Legal fees associated with issuing these shares amounted to $7,700 and were paid in cash. Davis had 162,000 shares outstanding prior to the takeover.

(i) Prepare the journal entries in the records of Davis to record the business combination. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Record the acquisition of net assets of Bagley Incorporated in Davis Inc's books.

Record the payment of $7,700 legal fees for the issue of 142,000 equity shares at a market value of $9.10 per share.

Record the $25,500 cash paid for professional fees expense.

Bagley Incorporated's statement of financial position as at July 31, Year 4, is as follows: On August 1, Year 4, the directors of Bagley considered a takeover offer from Davis Inc., in which the corporation would sell all of its assets and liabilities. Davis's costs of investigation and drawing up the merger agreement would amount to $25,500. Required: (a) Assume that Davis made a $1,292,200 cash payment to Bagley for its net assets. Prepare the journal entries in the accounting records of Davis to record the business combination. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)