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  3. you are given the following transactions a. parent

You are given the following transactions a. Parent purchased inventory for SR 300 and t...

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Accounting

You are given the following transactions

a. Parent purchased inventory for SR 300 and t sold the inventory to a Sub for SR 400 not yet sold to third party.

b. Parent purchased inventory for SR 300 and t sold the inventory to a Sub for SR 400 sold to third party.

c. Parent lent sub. A loan of SR 500

Required: Pass elimination entries for the intercompany transactions.

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