Make the appropriate adjustment for company m

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Question 1: Company M sold to F stock for 700 € with a margin of 200 €. By the end of the year 70% of the debt with M is still pending. Make the appropriate adjustment assuming F have been able to sell all the stock to third parties. F is a full controlled subsidiary.

A) Debit 490 Payables, Credit 490 Receivables, Debit 700 Revenues, Credit 700 Purchases
B) Debit 700 Payables, Credit 700 Receivables, Debit 200 Revenues, Credit 200 Purchases
C) Debit 490 Receivables, Credit 490 Payables, Debit 700 Purchases, Credit 700 Revenues
D) Debit 490 Receivables, Credit 490 Payables, Debit 500 Purchases, Credit 500 Revenues

Reference no: EM132902239

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