Do not indent manually. List all debit entries before credit entries.) The following additional information is relevant. recorded the transaction. all been sold to outside parties prior to acquisition. accounted for as a purchase. 4. Sweet Acacia Company paid $51,000 cash for the 85% interest in Anthony Company. 5. 3,000 dollars of Michelle Company's notes payable and $10,200 of Anthony Company's notes payable were payable to Sweet Acacia Company. overvalued buildings. companies were as follows