At the beginning of the current year,Morris Corporation acquired 100 percent of the common stock of Nash Corporation for $200,000.Nash's stockholders' equity included common stock for $125,000 and retained earnings of $75,000.Prepare the eliminating entry in journal form that would appear on the work sheet for consolidating the balance sheets of the two entities as of the acquisition date.(Omit explanations.)

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The Answer of At the beginning of the current year,Morris Corporation acquired 100 percent of the common stock of Nash Corporation for $200,000.Nash's stockholders' equity included common stock for $125,000 and retained earnings of $75,000.Prepare the eliminating entry in journal form that would appear on the work sheet for consolidating the balance sheets of the two entities as of the acquisition date.(Omit explanations.)

At the Beginning of the Current Year,Morris Corporation Acquired 100