Prepare a consolidated balance sheet and journal entries

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Reference no: EM13356118

Prepare a consolidated Balance sheet and journal entries from the data.

Balance Sheet of Big as of 2006

Particulars

Big

Little

Cash and Receivable

$146,000

$98,000

Inventory

255,000

136,000

Investment in Little

345,000

 

Property, Plant and Equipment

959,000

328,000

Goodwill

 

 

Total Assets

$1,705,000

$562,000

Liabilities

$689,600

$71,000

Minority Interest

 

 

Common Stock

515,000

150,000

Retained Earnings

500,400

341,000

Total Liabilities

$1,705,000

$562,000

Reference no: EM13356118

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