Account List:

My answer: Partially wrong and I don't know why. I would like to figure out why so I can do it properly in the future.

Bridgeport Company acquired the assets (except for cash) and assumed the liabilities of Crane Company on January 1,2024 , paying $744,000 cash. Crane Company's December 31, 2023, balance sheet, reflecting both book values and fair values, showed: As part of the negotiations, Bridgeport Company agreed to pay the former stockholders of Crane Company $193,200 cash if the postcombination earnings of the combined company (Bridgeport) reached certain levels during 2024 and 2025 . The fair value of contingent consideration was estimated to be $105,900 on the date of acquisition. Record the journal entry on the books of Pham Company to record the acquisition on January 1, 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) Accounts Payable Accounts Receivable Additional Paid-in Capital Allowance for Uncollectible Accounts Bonds Payable Buildings Cash Common Stock Deferred Tax Asset Deferred Tax Liability Discount on Bonds Payable Equipment Gain on Change in Fair Value of Contigent Consideration Goodwill Impairment Loss Inventory Land Liability for Contigent Consideration Loss on Change in Fair Value of Contigent Consideration Mortgage Payable No Entry Note Payable Other Contributed Capital Operating Expenses Premium on Bonds Payable Retained Earnings