The following book and fair values were available for Beech Company as of June 1: Inventory Land Buildings Trademarks Items Accounts payable Common stock 717 Additional paid-in capital Retained earnings, 1/1 Revenues Expenses Book Value Fair Value $ 406,000 817,500 2,005,000 0 $363,500 1,087,500 2,314,750 868,500 (128,500) (128,500) (2,000,000) (500,000) (424,500) (482,500) 307,000 0 0 0 9 0 Alder Company pays $4,050,000 cash and issues 22,800 shares of its $2 par value common stock (fair value of $50 per share) for all of Beech's common stock in a merger, after which Beech will cease to exist as a separate entity. Stock issue costs amount to $33,500, and Alder pays $44,000 for legal fees to complete the transaction. Required: Prepare Alder's journal entries to record its acquisition of Beech. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.

PayNet Inc. (PayNet) and Shale Ltd. (Shale) had the following balance sheets on July 31, 2022:

The following book and fair values were available for Westmont Company as of March 1                                                                  Book Value         Fair Value Inventory                                                $ 350,000          $ 298,250 Land                                                         820,500            1,085,250 Buildings                                                 2,040,000           2,361,000 Customer relationships                                  0                      871,500 Accounts payable                                  (105,000)              (105,000) Commom stock                                   (2,000,000) Additional paid-in capital                      (500,000) Retained earnings    1/1                        (425,500) Revenues                                               (496,000) Expenses                                                 316,000       Aturo pays cash of $4,380,000 to acquire Westmont. No stock is issued and…

Presented below is information related to the purchases of common stock by Bridgeport Company during 2025. Fair Value (at December 31) $68,000 306,000 194,000 $568,000 Investment in Arroyo Company stock Investment in Lee Corporation stock Investment in Woods Inc. stock Total (a) (b) Cost (at purchase date) $90,000 252,000 (Assume a zero balance for any Fair Value Adjustment account at the beginning of 2025.) 184,000 (b) $526,000 What entry would Bridgeport make at December 31, 2025, to record the investment in Arroyo Company stock if it chooses to report this security using the fair value option? No. Account Titles and Explanation (a) What entry would Bridgeport make at December 31, 2025, to record the investments in the Lee and Woods corporations, assuming that Bridgeport did not select the fair value option for these investments? (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry…