Cartwright, Inc. has $1,000,000 of 10% bonds
Cartwright, Inc. has $1,000,000 of 10% bonds excellent on December 31, 20X8. On January 1, 20X9, Adam Corp., an 80%-owned subsidiary of Cartwright, Inc., purchases a $250,000 a part of Cartwright, Inc.’s excellent bonds out there for $245,000. Curiosity accruedby 12/31/X9 is $12,500.Decide the eliminating entries essential for the 20X9 consolidated monetary statements.Mar 10 2014 09:11 AM