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Prepare the requested journal entry

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Question - For the following transactions prepare the requested journal entry:

1. Branch A send merchandise to the main company costs $100,000.

2. Company Y paid $70,000 cash as a merger fees with company C.

3. A partner invested $10,000 cash in a partnership.

4. A company issued 2,000 $1 par ($40 market) shares of its ordinary shares to acquire 60% from NFMV of Ahlia assets which equal $1,000,000.

5. ABC company the parent sold land worth $20,000 to one of its subsidiaries by $10,000.

6. Branch paid $50,000 operating expenses 50% for the company.

Reference no: EM132959987

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