Megatron Inc. owns a small television station in the interior of British Columbia. Its year-end is June 30. The company completed the following transactions:

Required 1. Record the above transactions of Megatron Inc. Round all amounts to the nearest dollar.
2. Show the balance sheet presentation of the assets at June \(30,2021\).

Transcribed Image Text:

2020 Apr. 1 Paid $2,175,000 plus $75,000 in legal fees (pertaining to all assets purchased) to purchase the following assets from a competitor that was going out of business: