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Problem 1-5

Name of Company Being Acquired Jack Company
Carol Fischer: Enter name of company being acquired.
Date of Acquisition June 30, 2020
Carol Fischer: Enter date of Acquisition.
Book
Carol Fischer: Enter Book Value of Assets Accounts Here. 		Fair Value
Carol Fischer: Enter Market Values of Asset Accounts Here, even if amount is same as Book Value. 		Book
Carol Fischer: Insert Book Values of All Liability and Equity Accounts in this column 		Fair Value
Carol Fischer: Emter Market Values of all Liabilities In this column. No Equity Balances should be added.
Current Assets and Investments Current Liabilities
Investments
Carol Fischer: Enter Current Asset Account in A6 through A10. 		Current Liabilities
Carol Fischer: Insert Current Liability Accounts in D6 through D10.
Accounts Receivable (net)
Inventory
Prepaid Insurance
Total Current Assets and Investments - - Total Current Liabilities - -
Other Liabilities
Carol Fischer: Insuret Noncurrent Liability Accounts in Cells D13 through D16.
Fixed Assets
Carol Fischer: Enter titles of Fixed Asset Account in Cell A14 through A17. Enter net of Accumulated Depreciation.
Land
Machinery and Equipment
Total Other Liabilities - -
Total Fixed Assets - - Total Liabilities - -
Intangibles
Carol Fischer: Enter Intangibles in A20 through A25
Carol Fischer: Enter Book Value of Assets Accounts Here.
Carol Fischer: Enter Market Values of Asset Accounts Here, even if amount is same as Book Value.
Carol Fischer: Enter Current Asset Account in A6 through A10.
Carol Fischer: Insert Book Values of All Liability and Equity Accounts in this column
Carol Fischer: Emter Market Values of all Liabilities In this column. No Equity Balances should be added.
Carol Fischer: Insert Current Liability Accounts in D6 through D10.
Carol Fischer: Enter titles of Fixed Asset Account in Cell A14 through A17. Enter net of Accumulated Depreciation.
Carol Fischer: Insuret Noncurrent Liability Accounts in Cells D13 through D16. 		Stockholders' Equity
Goodwill Common Stock
Paid in Capital in Excess of Par
Retained Earnings
Total Equity -
Total Intangibles - -
Total Assets - - Total Liabilities and Equity -
Net Assets -
Purchase Price
Cash
Number of Shares exchanged
Par Value of a share of stock
Market Value of a share of stock
Market Value of stock exchanged -
Total Purchase Price -
Value Analysis
Total Price Paid -
Total Fair Value of Net Assets -
Goodwill -
Gain on Purchase of Business -
Entry
Account Name Debit (Credit)
Investments -
Accounts Receivable (net) -
Inventory -
Prepaid Insurance -
- -
Land -
Machinery and Equipment -
- -
- -
Goodwill -
- -
- -
- -
- -
- -
Current Liabilities -
- -
- -
- -
- -
- -
- -
- -
- -
Cash -
Common Stock -
Paid-in-Capital in Excess of Par -
Goodwill -
Gain on Purchase of Business -
CHECK -

Problem 1-6

Name of Company Being Acquired Sylvester Company
Carol Fischer: Enter name of company being acquired.
Date of Acquisition December 31, 2015
Carol Fischer: Enter date of Acquisition.
Book
Carol Fischer: Enter Book Value of Assets Accounts Here. 		Fair Value
Carol Fischer: Enter Market Values of Asset Accounts Here, even if amount is same as Book Value. 		Book
Carol Fischer: Insert Book Values of All Liability and Equity Accounts in this column 		Fair Value
Carol Fischer: Emter Market Values of all Liabilities In this column. No Equity Balances should be added.
Current Assets and Investments Current Liabilities
Notes Receivable
Carol Fischer: Enter Current Asset Account in A6 through A10. 		Accounts Payable
Carol Fischer: Insert Current Liability Accounts in D6 through D10.
Accounts Receivable Payroll Liabilities
Inventory Current Portion of LT Debt
Other Current Assets
Investments
Total Current Assets and Investments - - Total Current Liabilities - -
Other Liabilities
Carol Fischer: Insuret Noncurrent Liability Accounts in Cells D13 through D16.
Fixed Assets
Carol Fischer: Enter titles of Fixed Asset Account in Cell A14 through A17. Enter net of Accumulated Depreciation. 		Long Term Debt
Land LT Payroll Liabilities
Building
Equipment
Total Other Liabilities - -
Total Fixed Assets - - Total Liabilities - -
Intangibles
Carol Fischer: Enter Intangibles in A20 through A25
Carol Fischer: Enter Book Value of Assets Accounts Here.
Carol Fischer: Enter Market Values of Asset Accounts Here, even if amount is same as Book Value.
Carol Fischer: Enter Current Asset Account in A6 through A10.
Carol Fischer: Insert Book Values of All Liability and Equity Accounts in this column
Carol Fischer: Emter Market Values of all Liabilities In this column. No Equity Balances should be added.
Carol Fischer: Insert Current Liability Accounts in D6 through D10.
Carol Fischer: Enter titles of Fixed Asset Account in Cell A14 through A17. Enter net of Accumulated Depreciation.
Carol Fischer: Insuret Noncurrent Liability Accounts in Cells D13 through D16. 		Stockholders' Equity
Goodwill Common Stock
Patents Paid in Capital in Excess of Par
Trade Names Retained Earnings
Total Equity -
Total Intangibles - -
Total Assets - - Total Liabilities and Equity -
Net Assets -
Purchase Price
Cash
Number of Shares exchanged
Par Value of a share of stock
Market Value of a share of stock
Market Value of stock exchanged -
Total Purchase Price -
Value Analysis
Total Price Paid -
Total Fair Value of Net Assets -
Goodwill -
Gain on Purchase of Business -
Entry
Account Name Debit (Credit)
Notes Receivable -
Accounts Receivable -
Inventory -
Other Current Assets -
Investments -
Land -
Building -
Equipment -
- -
Goodwill -
Patents -
Trade Names -
- -
- -
- -
Accounts Payable -
Payroll Liabilities -
Current Portion of LT Debt -
- -
- -
Long Term Debt -
LT Payroll Liabilities -
- -
- -
Cash -
Common Stock -
Paid-in-Capital in Excess of Par -
Goodwill -
Gain on Purchase of Business -
CHECK -