Question: Answer please the question below in 10 mins - Urgent please this response. Question 1013 >>> Question 1 7 points P Company acquired 54,000 shares

Answer please the question below in 10 mins - Urgent please

Answer please the question below in 10 mins - Urgent please this

response. Question 1013 >>> Question 1 7 points P Company acquired 54,000

this response. Question 1013 >>> Question 1 7 points P Company acquired 54,000 shares of the common stock of Company on January 1, 2013, for $900,000 cash. The stockholders' equity section of Company's balance sheet on that date was as follows: Common stock, S10 par value $600,000 Other contributed capital 80,000 Retained earnings 320,000 Total $1,000,000 A. Prepare the journal entry to record P's Company investment in s Company. Date Account Titles Dr Cr. B. Prepare the entry to eliminate P's Comapny investment in s Company for the preparation of a consolidated balance sheet work paper on January 1, 2013. Date Account Titles Dr Cr. B. Prepare the entry to eliminate P's Comapny investment in s Company for the preparation of a consolidated balance sheet work paper on January 1, 2013. Date Account Titles Dr Cr. Paragraph Arial 3 (12pt) T . T fx Mashups HTML CSS

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