UESTIONS On Jan 1. Salem Company gained control over Abdula Company by purchasing 15.000 share. Abdulla company stock was selling for $23 por share Information Abouw About Co Book Values Cash & Receivables 45.000 Inventory 65.000 Land 40.000 Buildings & Equipment 400 000 Accumulated Depreciation (150,000) Patent 100,000 Current Liabilities 7501 TO 300 110,000 Required: Provide any relevant journal entries related to the acquisition made by 1 - Salem Company 2 - Abdulla Company 111 14px For the toolbar, press ALT+F10 (PC) or ALT+FN+F 10 (Mac). Arial company by purchasing 15.000 shares of Abdula Company's stock On that day. Companies are Information about Abdulla Company assets and abilities isted below Abdulla Co Abdulla Co Bok Values Fait Values 45.000 45,000 65.000 75,000 40,000 70.000 400.000 350.000 (150,000) 80,000 110,000 100.000 on made by UESTIONS On Jan 1. Salem Company gained control over Abdula Company by purchasing 15.000 share. Abdulla company stock was selling for $23 por share Information Abouw About Co Book Values Cash & Receivables 45.000 Inventory 65.000 Land 40.000 Buildings & Equipment 400 000 Accumulated Depreciation (150,000) Patent 100,000 Current Liabilities 7501 TO 300 110,000 Required: Provide any relevant journal entries related to the acquisition made by 1 - Salem Company 2 - Abdulla Company 111 14px For the toolbar, press ALT+F10 (PC) or ALT+FN+F 10 (Mac). Arial company by purchasing 15.000 shares of Abdula Company's stock On that day. Companies are Information about Abdulla Company assets and abilities isted below Abdulla Co Abdulla Co Bok Values Fait Values 45.000 45,000 65.000 75,000 40,000 70.000 400.000 350.000 (150,000) 80,000 110,000 100.000 on made by