AdvancedAccountingCh01课程.pptVIP

Beams, Advanced Accounting 10e, Ch.1 (c) Pearson Education Inc., publishing as Prentice Hall Entries with Goodwill The entry to record the acquisition of the net assets: The entry to record Seed’s assets directly on Pitt’s books: Investment in Seed Co. 1,400 Cash 400 Common stock, $10 par 500 Additional paid-in-capital 500 Cash 50 Net receivables 140 Inventories 250 Land 100 Buildings 500 Equipment 350 Patents 50 Goodwill 200 Accounts payable 60 Notes payable 135 Other liabilities 45 Investment in Seed Co. 1,400 Acquisiti