Ballard and Queen Anne Accounting Analysis (1590 words, 7 pages)
Journal Entries Acquisition Entries 010120X2Buildings 480,000Patents 420,000 Trademark 115,000 Professional Service Exp. 30,000Goodwill 10,000Note Payable 380,000 Cash 335,000Common Stock100,000 APIC-Options 320,000Subsequent Entries 110120X2Building 30,000 Goodwill 30,000Other Entries 020120X2Cash 245,000Loss on Sale Patent 25,000Patents 270,000Analysis Acquisition January 1, 20X2 Ballard Co. purchased 100 of Queen Anne Corporation. Following this acquisition Queen ...
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