Homework Soursepaidin capital of 300000 and retained earnings of 100000 On
paid-in capital of $300,000, and retained earnings of $100,000. On January 1, 20x4, Johe Company Give the entry is required for a select \"No journal entry required\" in the first account field.) Consolidation Worksheet Entries ![paid-in capital of $300,000, and retained earnings of $100,000. On January 1, 20x4, Johe Company Give the entry is required for a select \](/WebImages/16/paidin-capital-of-300000-and-retained-earnings-of-100000-on-1029652-1761533489-0.webp "paid-in capital of $300,000, and retained earnings of $100,000. On January 1, 20x4, Johe Company Give the entry is required for a select \")
Solution
Consolidation Worksheet Entries Accounts Debit Credit Entry to record purchase in books of Joha Company Investment in Broadway Corporation $800,000 Cash $800,000 Elliminating Entries Book value of Common stock(Januarty1, 20x4 $200,000 Additional Paid in capital $300,000 100% Retained earnings $100,000 Broadway shares 100%($600,000) Goodwill $200,000 Investment in Broadway Corporation $800,000