During the fiscal year ended December 31, 2006, Pride Corporation had the following loan transactions or events with its wholly owned subsidiary, Stride Company:
Prepare journal entries for the foregoing loan transactions and events in the accounting records of (a) Pride Corporation and (b) Stride Company. Omit explanations for the journal entries. Round amounts to the nearest dollar.

Question

During the fiscal year ended December 31, 2006, Pride Corporation had the following loan transactions or events with its wholly owned subsidiary, Stride Company:
  Prepare journal entries for the foregoing loan transactions and events in the accounting records of (a) Pride Corporation and (b) Stride Company. Omit explanations for the journal entries. Round amounts to the nearest dollar.

Quizplus · Accepted Answer

The Answer of During the fiscal year ended December 31, 2006, Pride Corporation had the following loan transactions or events with its wholly owned subsidiary, Stride Company:
  Prepare journal entries for the foregoing loan transactions and events in the accounting records of (a) Pride Corporation and (b) Stride Company. Omit explanations for the journal entries. Round amounts to the nearest dollar.

During the Fiscal Year Ended December 31, 2006, Pride Corporation