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    Joycelyn1's Avatar
    Joycelyn1 Posts: 1, Reputation: 1
    New Member

    Mar 5, 2007, 08:47 PM
    Journal Entries
    Purchased a small company and recorded goodwill of $150,000. How would I journalize this entry?
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member

    Mar 6, 2007, 10:36 PM
    Dr. Goodwill 150,000
    Cr. Cash 150,000

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