On 1 July 2023, Gordon Ltd acquired all the issued shares (cum div.) of Henry Ltd for $528000.

At that date, the financial statements of Henry Ltd showed the following information.

Share capital 220000

General reserve 110000

Retained earnings 154000

Dividend payable 44000

All the assets and liabilities of Gordon Ltd were recorded at amounts equal to their fair

values at the acquisition date. The dividend payable reported at 1 July 2023 by Henry Ltd

was paid on 15 August 2023. Henry Ltd paid a further dividend of $55000 on 2 February 2024

from post-acquisition profits.

Prepare the consolidation worksheet entries for Gordon Ltd's group at 1 July 2023.

2.87 USD

Purchased 7 times

Completion Status 100%

On 1 July 2023, Gordon Ltd acquired all the issued shares (cum div.) of Henry Ltd for $528000.
At that date, the financial statements of Henry Ltd showed the following information.

Share capital	220000
General reserve	110000
Retained earnings	154000
Dividend payable	44000

All the assets and liabilities of Gordon Ltd were recorded at amounts equal to their fair
values at the acquisition date. The dividend payable reported at 1 July 2023 by Henry Ltd
was paid on 15 August 2023. Henry Ltd paid a further dividend of $55000 on 2 February 2024
from post-acquisition profits.