Allerton Company acquires all of Deluxe Company's assets and liabilities for cash on January and Journal entry worksheet
Record the acquisition of Deluxe assuming the cash exchange of $
Note: Enter debits before credits.
subsequently formally dissolves Deluxe. At the acquisition date, the following book and fair values were available for
the Deluxe Company accounts:
Required:
a and Prepare Allerton's journal entry to record its acquisition of Deluxe in its accounting records assuming the
following cash exchange amounts: $ and $
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field.
Journal entry worksheet
Record the acquisition of Deluxe assuming the cash exchange of $
Note: Enter debits before credits.
