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The following book and fair values were available for Westmont Company as of March 1. Arturo Company pays $3,580,000 cash and issues 29,800 shares of

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The following book and fair values were available for Westmont Company as of March 1. Arturo Company pays $3,580,000 cash and issues 29,800 shares of its $2 par value common stock (fair value of $50 per share) for all of Westmont's common stock in a merger, after which Westmont will cease to exist as a separate entity. Stock issue costs amount to $28.200 and Arturo pays $49,100 for legal fees to complete the transaction. Prepare Arturo's journal entries to record its acquisition of Westmont. (If no entry is required for o transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the acquisition of Westmont Company. Note: Enter debits before credits. Journal entry worksheet Record the legal fees related to the combination. Note: Enter debits before credits. Journal entry worksheet Record the payment of stock issuance costs. Note: Enter debits before credits

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