Order
Toll-free 24/7:
+1(669)289-8683
Order

(Accounting for Goodwill) On July 1, 2012, Gissel Corporation purchased Mills Company

Author:
January 12th, 2018

(Accounting for Goodwill) On July 1, 2012, Gissel Corporation purchased Mills Company by paying $250,000 cash and issuing a $150,000 note payable. At July 1, 2012, the balance sheet of Mills Company was as follows.Cash$ 50,000Accounts payable$200,000Accounts receivable90,000Stockholders’ equity235,000Inventory100,000$435,000Land40,000Buildings (net)75,000Equipment (net)70,000Copyrights10,000$435,000The recorded amounts all approximate current values except for land (fair value of $80,000), inventory (fair value of $125,000), and copyrights (fair value of $15,000).Instructions(a) Prepare the July 1 entry for Gissel Corporation to record the purchase.(b) Prepare the December 31 entry for Gissel Corporation to record amortization of intangibles. The copyright has an estimated useful life of 4 years with a residual value of $3,000.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Essay Fountain
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Political science
Great paper
Customer 452863, September 11th, 2021
Sociology
Thank you for following the guidelines of the discussion essay. We are off to a great start.
Customer 452919, March 20th, 2024
Psychology
Thank you very much! I will be using your service again soon.
Customer 452665, March 18th, 2021
History
Thank you
Customer 452919, October 17th, 2024
Sociology
Thanks to the entire team!
Customer 452919, December 8th, 2021
Social Work and Human Services
The support team was available upon request. For the past two semesters I have been stressing on receiving my assignments on expected achievement dates. I value your service and hope that you all would improve your teamwork. I have been using this service now for 2-years and was totally satisfied. With this being said, I have spent at least a thousand plus dollars with this company. Knowing there are other competing companies that are on the market for a lot less than you guys are charging. "I trust that you all would get it together and avoid last minute communication which increases stress to the student."
Customer 452919, March 27th, 2024
Business Studies
This is fantastic! Thank you so much! Great customer service and help!
Customer 453131, November 15th, 2022
History
Thanking you all in advance for your assistance.
Customer 452919, November 26th, 2024
Human Resources Management (HRM)
Thank you for your time and help. I was concerned that I would not make my deadline due to a family emergency, and you guys came through in the clutch. you are appreciated and i will be letting friends and family know of my experience here.
Customer 453045, February 24th, 2022
Nursing
Great paper thank you so much
Customer 452667, March 19th, 2021
Ethics
I Thank the entire team.
Customer 452919, January 25th, 2022
Advanced Technical Writing
Excellent service as always, Thank you!
Customer 452995, January 20th, 2022
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat
Show more