Avon co a wholly owned subsidiary of wilson corp sold

Reference no: EM13388642

1. Avon Co., a wholly owned subsidiary of Wilson Corp., sold goods to Wilson near the end of 2013. The goods had cost Avon $155,000 and the selling price was $240,000. Wilson had sold 10% of the goods by the end of the year.

Required: Prepare the Consolidation Entries TI, G and *G as required for 2013 and 2014.

Reference no: EM13388642

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