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The following book and fair values were available for Beech Company as of June 1:...

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Accounting

The following book and fair values were available for Beech Company as of June 1: Journal entry worksheet
1
2
3
Record the legal fees related to the combination.
Note: Enter debits before credits. Journal entry worksheet
Record the payment of stock issuance costs.
Note: Enter debits before credits.
Alder Company pays $3,360,000 cash and issues 29,100 shares of its $2 par value common stock (fair value of $50
per share) for all of Beech's common stock in a merger, after which Beech will cease to exist as a separate entity. Stock
issue costs amount to $29,600, and Alder pays $50,800 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 field.
Journal entry worksheet
Record the acquisition of Beech Company.
Note: Enter debits before credits.
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