JE for a Company Purchased

Question

Feb 22, 2008, 09:18 AM

lbj0320

New Member

Join Date: Feb 2008

Posts: 1

JE for a Company Purchased

Company A purchased Company B for $100,000. Company A paid $80,000 in Cash to the owners of Company B for the assets and trademarks. The balance of $20,000 has not been paid yet. The Assets are FF&E $10K, Computers $25K and Trademarks $65K.
Now I have to make the entry on Company A & B's books since they will be consolidated. How do I do that please? HELP!!!

Answer this Question Ask about Accounting

« Previous Question | Next Question »

Question Tools	Search this Question
Show Printable Version Email this Page	Search this Question: Advanced Search
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Sponsors

Similar Questions
Question	Asker	Topic	Answers	Last Post
Where can neuropamax be purchased?	momamarlene	Medications	1	Feb 15, 2008 08:43 PM
assignee or purchased	starpizzaman	Bankruptcy & Debt	0	Aug 29, 2007 06:39 PM
purchased made	Oneill474	Banking	2	Dec 30, 2006 07:31 AM
agency purchased old debt	sassie	Bankruptcy & Debt	1	Aug 26, 2006 11:37 AM
Hamachi purchased by Logmein	helper_robot	Networking	3	Aug 10, 2006 11:36 AM



At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to: Get free answers from experts in any of our 300+ topics. Accept money for answers that you provide. Communicate privately with other members (PM). See fewer ads. Sign Up!