Record the basic consolidation entry.
B
Record the amortized excess value differential entry.
C
Record the excess value (differential) reclassification entry.
D
Record the reversal of last year's deferral.
E
Record the deferral of the 20X7 unrealized profits on the inventory transfer.
F
Record the elimination of the intercompany holdings of Posey's bonds.
G
Record the entry to eliminate the intercompany interest receivables/payables.
H
Record the entry to eliminate the accrued interest on the intercompany bonds.
I
Record the entry to eliminate the intercompany holdings of Stargell's bonds.
J
Record the entry to eliminate the intercompany dividend payable/receivable.

On December 31, 20X7, trial balances for Posey and Stargell appeared as follows: Posey Company Stargell Corporation Item Debit Credit Debit Credit Cash $ 49,500 $ 39,000 Current Receivables 121,500 90,100 Inventory 317,000 364,900 Investment in Stargell Stock 1,243,800 Investment in Stargell Bonds 985,000 Investment in Posey Bonds 200,000 Land 1,241,000 518,000 Buildings and Equipment 2,940,000 1,915,000 Cost of Goods Sold 1,829,000 426,000 Depreciation & Amortization 184,000 65,000 Other Expenses 632,000 206,000 Dividends Declared 61,000 51,000 Accumulated Depreciation $ 1,050,000 $ 597,000 Current Payables 699,190 213,000 Bonds Payable 200,000 1,000,000 Premium on Bonds Payable 3,000 Common Stock 910,000 487,000 Premium on Common Stock 610,000 267,000 Retained Earnings, January 1 2,848,950 457,000 Sales 3,010,000 801,000 Other Income 143,000 50,000 Income from Stargell Corp. 132,660 Total $ 9,603,800 $ 9,603,800 $ 3,875,000 $ 3,875,000