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.
Business Studies
The writer delivered as on time with quality work. But writteres communication could of been better and I would have been more content with choosing my own writer as per my assignment.
Customer 452679, March 24th, 2021
Nutrition, Hospitality & Human Services
Thank you for your assistance.
Customer 452919, April 9th, 2024
Marketing
Excellent and thank you!
Customer 452591, December 12th, 2020
Sociology
Thank you, I have been averaging 16/20 points for the past discussions 1-4). Unsure why, but I will know how this one goes in a few days. Thank you for your assistance.
Customer 452919, February 16th, 2023
Sociology
Thank you, this is an 8-week course, so I will be needing your assistance.
Customer 452919, January 20th, 2023
Nursing
Very good service
Customer 453075, April 27th, 2022
Sociology
Thank you!
Customer 452919, April 5th, 2022
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
Sociology
Thank you
Customer 452919, February 16th, 2024
WRTG 393 6360 Advanced Technical Writing (2222)WRTG-393
Patience and truly superb service considering all the information was not uploaded.
Customer 452995, February 4th, 2022
Communications
Thank you.
Customer 452723, April 22nd, 2021
Sociology
Thank you, the journal wa submitted today and I hope to continue receiving services.
Customer 452919, October 28th, 2021
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