Problem 11-1 Consider Marjean Company Accounts Receivables Inventory Fixed Assets $900,000 Accum Deprec 100,000 $200,000 300,000 Problem 11-3 This is data from the Dezie Company: 800,000 Burden Company will buy this company (Marjean Co) for $975,000. Burden estimates that the Accounts Receivables are worth $180,000, the Inventory is worth $310,000 and the Fixed Assets are worth $740,000. Everything else is worth its book value. Prepare the journal entry made by Burden to record the purchase. Problem 11-4 Baker Company Problem 11-2 On January 1, Kylie, Inc. buys equipment for $9,000. Terms are 10% down the rest in 4 equal annual payments which include interest at 6%. (6% is what the bank would charge you.) The payments start December 31. Prepare an amortization schedule and all the journal entries for each year. Accounts Receivable Inventory Fixed Assets $400,000 Accum Deprec 200.000 200,000 Accounts Receivable Inventory Redo Kylie with 10% down interest only payments of 2% for 4 years. (The 8,100 is still due at the end of the third year). Prepare an amortization schedule and all the journal entries for each year. Fixed Assets Accum Deprec Accounts Payable Note Payable Redo Kylie with 0% down and 3 equal payments that include interest at 2%. Prepare an amortization schedule and all the journal entries for each year. $100,000 80,000 Owners' Equity Common Stock Retained Earnings $155,000 280,000 $300,000 (150,000) 150,000 250,000 400,000 200,000 450,000 Hayley Co. will buy Dezie Company for $1,150,000. They estimate the Accounts Receivable are worth $96,000, the Inventory is worth $110,000 and the Fixed Assets are worth $450,000. Everything else is worth its book value. Prepare the journal entry for the purchase on Hayley Co.'s books. Accounts Payable Note Payable Owners' Equity Accounts Payable Note Payable Common Stock Retained Earnings 30,000 150,000 200,000 22,000 140,000 100,000 100,000 Brayden's Board Co. will buy Baker Company for $475,000. They estimate that the Accounts Receivable are worth about $140,000, the Inventory is worth $250,000 and the Fixed Assets are worth $220,000. Everything else is worth its book value. Prepare the journal entry for the purchase on Brayden's Board Po books,

Burden Company will buy this company (Marjean Co) for $975,000. Burden estimates that the Aceounts Receivables are worth $180,000, the Inventory is worth $310,000 and the Fixed Assets are worth $740,000. Everything else is worth its book value. Prepare the journal entry made by Burden to record the purchase, Problem 11-2 On January 1, Kylie, Inc. buys cquipment for $9.000. Terms are 10% down the rest in 4 equal annual payments which include interest at 6%. (6\% is what the bank would charge you) The payments start December 31. Prepare an amortization schedule and all the joumal entries for each year. Redo Kylie with 10% down interest only payments of 2% for 4 years. (The 8,100 is still due at the end of the third year). Prepare an amortization schedule and all the journal entries for each year. Redo Kylic with 0% down and 3 equal payments that include interest at 2%. Prepare an amortization schedule and all the joumal entries for cach year. Problem 11-3 This is data from the Derie Company: Hayley Co. will buy Dezie Company for $1,150,000. They estimate the Accounts Receivable are worth $96,000, the Inventory is worth $110,000 and the Fixed Assets are worth $450,000. Everything else is worth its book value. Prepare the journal entry for the purchase on Hayley Co 's books. Problem 11-4 Ba Brayden's Board Co. will buy Baker Company for $475,000. They estimate that the Accounts Receivable are worth about $140,000, the laventory is worth $250,000 and the Fixed Assets are worth $220,000. Everything else is worth its book value. Prepare the journal entry for the purchase on Brayden's Bourd Fo. books