The following book and falr values were avallable for Beech Company as of June $1$:

Alder pays cash of $$4,318,750$ to acquire Beech. No stock Is Issued and Alder pays $$46,000$ for legal fees to complete the transaction.

Required:

Prepare Alder's journal entries to record its acquisition of Beech.

Note: If no entry is required for a transaction$/$event$,$ select $"$No Journal entry required" In the first account fleld.

Journal entry worksheet

Record the acquisition of Beech Company.

Note: Enter debits before credits.