Question: On January 1 , 2 0 2 3 Subsidiary held merchandise acquired from Parent for $ 1 0 , 0 0 0 . During 2

 On January 1,2023 Subsidiary held merchandise acquired from Parent for $10,000. During 2013 Parent sold merchandise to Subsidiary for $30,000, of which Subsidiary holds $6,000 on December 31,2023. Parents gross profit on sales is 30% for both years. On December 31,2023 Subsidiary still owes Parent $2,000 for merchandise.
4) Make all of the entries pertaining to intercompany sales and inventories.

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