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The following book and fair values were available for Westmont Company as of March 1. Arturo pays cash of $4,422,250 to acquire Westmont. No stock

image text in transcribedimage text in transcribed The following book and fair values were available for Westmont Company as of March 1. Arturo pays cash of $4,422,250 to acquire Westmont. No stock is issued and Arturo pays $51,400 for legal fees to complete the transaction. Prepare Arturo's journal entries to record its acquisition of Westmont. (If no entry is required for a 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

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