The following book and fair values were available for Beech Company as of June : Journal entry worksheet
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 $ cash and issues shares of its $ par value common stock fair value of $
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 $ and Alder pays $ 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 transactionevent select No journal entry required" in the first account field.
Journal entry worksheet
Record the acquisition of Beech Company.
Note: Enter debits before credits.
