Post the Journal entries for PART D - THE WORKSHEET
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Parta: Cost of 80% of Denna $ 330,000 33U00D/80% $ 412,500 Cost of 100% of Donna Less: Carrying amount of Donna Net Assets Assets Liabilities (97500+22500) $ 305, 900 $ $ -111,000 S -194,300 5 217.500 Difference AMoccted to Accounts receivable Inventory Plant Trademarks Patents Domain names Long term Debt Goodwill Non Contariling interest 2500C-27900 10000C-70700 208001-168200 450000 67500-27900 39000 a 89000 73500 $ -2.900 S 29 300 $ $ 39,800 $ 45.000 $ 39 600 $ 39.000 $15.500 $ S 174,300 43,300 82,500 412 0.20% Consolidated Balance Sheet 374750+1120C-330000 34750-27900-2900 101500+70700+79200 517000+168200-39900 Accounts rivalle Inventory Plant Trademarks Patents Domain names Goodwill Total Assets $ 55,950 $ 109.750 $ 201,500 S 725,000 $ 45,000 5 175,000 5 39,000 $ 43,300 $ 1,992,500 105500+27900-19600 Worluire above 167000-37500 267500 173500 15500 Current liabilities Long-Term debt Common shares Retained earrings Non-controlling interest Total Liabilities und Equity S 204,500 $ 356,500 $ $ 359,000 $ 390,000 S 82.500 $ 1,392,500 Working - 1 255 Part : NC would be considered as SGROCO instead of $2,500 Differential $14,500 will be adjusted in Goodwill Hence, Goodwill will be 43300 14500 $ 28,900 Part 374750-330000 Accounts receivable Inventory Investment in Donra Corp. Plant Patents Total Assets 5 14,750 $ 24,750 $ 101,500 S 320,000 $ 517,000 $ 105,500 $ 1,183,500 Ourrent liabilities Lang om det Common shares Retained earrings Total Llabilities and Equity $ 167,000 $ 267,500 $ 399,000 S 390,000 $ 1,183,500 Part d: Cash Accounts receivable Inventory Plant Trademarks Patents Investment in Canne Acquisition Differential Domain names Goodwill Elimination Prima Dorina Debit Credit Consolidated $ 374,750 S 11,200 S 330,000 $ 55,950 $ $4,750 S 27,900 S 2.900 $ 109,750 $ 101.500 5 70,700 $ 29,300 $ 201,500 $ 517,000 $ 168,200 $ 39,800 $ 725,000 $ 5 $ 45,000 $ 45,000 $ 105,500 $ 27,900 $ 39,600 S $ 173,000 $ 5 5330,000 5 155,9205 174,000 $ $ $ 174,080 $ - 174,000 $ $ - $ 39,000 $ 39,000 $ $ . $ 43,300 $ 43,300 194900*80% 217600 80% $1,183,500 $ 305,900 $565,000 $ 562,900 $ 1,392,500 Current liabilities Long term debe $167.000 $ $ 267,500S $ 434,500 $ 27,500 73,500 111,000$ - $ 204,500 S 15.500 $ 356,500 $ 15,500 $ 561,000 Shareholder Equity: Common shares Retaired earnings Non-controlling interest $ 359,000 S $ 390,000 $ 107,500 $107.500 $ 87,400 $ 87,400 $ $ 82.500S 1944,900 $194,900 $ 82,500 $ 359,000 190,000 82,500 831,500 Working - 1 above $749,000 $ $1,183,500 305,900 $ 194,900 $ 98,000 $1,392,500 Please hit LIKE button if this helped. For any further explanation, please put your query in comment, will get back to you. Parta: Cost of 80% of Denna $ 330,000 33U00D/80% $ 412,500 Cost of 100% of Donna Less: Carrying amount of Donna Net Assets Assets Liabilities (97500+22500) $ 305, 900 $ $ -111,000 S -194,300 5 217.500 Difference AMoccted to Accounts receivable Inventory Plant Trademarks Patents Domain names Long term Debt Goodwill Non Contariling interest 2500C-27900 10000C-70700 208001-168200 450000 67500-27900 39000 a 89000 73500 $ -2.900 S 29 300 $ $ 39,800 $ 45.000 $ 39 600 $ 39.000 $15.500 $ S 174,300 43,300 82,500 412 0.20% Consolidated Balance Sheet 374750+1120C-330000 34750-27900-2900 101500+70700+79200 517000+168200-39900 Accounts rivalle Inventory Plant Trademarks Patents Domain names Goodwill Total Assets $ 55,950 $ 109.750 $ 201,500 S 725,000 $ 45,000 5 175,000 5 39,000 $ 43,300 $ 1,992,500 105500+27900-19600 Worluire above 167000-37500 267500 173500 15500 Current liabilities Long-Term debt Common shares Retained earrings Non-controlling interest Total Liabilities und Equity S 204,500 $ 356,500 $ $ 359,000 $ 390,000 S 82.500 $ 1,392,500 Working - 1 255 Part : NC would be considered as SGROCO instead of $2,500 Differential $14,500 will be adjusted in Goodwill Hence, Goodwill will be 43300 14500 $ 28,900 Part 374750-330000 Accounts receivable Inventory Investment in Donra Corp. Plant Patents Total Assets 5 14,750 $ 24,750 $ 101,500 S 320,000 $ 517,000 $ 105,500 $ 1,183,500 Ourrent liabilities Lang om det Common shares Retained earrings Total Llabilities and Equity $ 167,000 $ 267,500 $ 399,000 S 390,000 $ 1,183,500 Part d: Cash Accounts receivable Inventory Plant Trademarks Patents Investment in Canne Acquisition Differential Domain names Goodwill Elimination Prima Dorina Debit Credit Consolidated $ 374,750 S 11,200 S 330,000 $ 55,950 $ $4,750 S 27,900 S 2.900 $ 109,750 $ 101.500 5 70,700 $ 29,300 $ 201,500 $ 517,000 $ 168,200 $ 39,800 $ 725,000 $ 5 $ 45,000 $ 45,000 $ 105,500 $ 27,900 $ 39,600 S $ 173,000 $ 5 5330,000 5 155,9205 174,000 $ $ $ 174,080 $ - 174,000 $ $ - $ 39,000 $ 39,000 $ $ . $ 43,300 $ 43,300 194900*80% 217600 80% $1,183,500 $ 305,900 $565,000 $ 562,900 $ 1,392,500 Current liabilities Long term debe $167.000 $ $ 267,500S $ 434,500 $ 27,500 73,500 111,000$ - $ 204,500 S 15.500 $ 356,500 $ 15,500 $ 561,000 Shareholder Equity: Common shares Retaired earnings Non-controlling interest $ 359,000 S $ 390,000 $ 107,500 $107.500 $ 87,400 $ 87,400 $ $ 82.500S 1944,900 $194,900 $ 82,500 $ 359,000 190,000 82,500 831,500 Working - 1 above $749,000 $ $1,183,500 305,900 $ 194,900 $ 98,000 $1,392,500
