TRIAL BALANCE

PEANUT COMPANY SNOOPY COMPANY

ACCOUNT
Dr Cr Dr
Cash $ 130,000 $ 80,000
Accounts Receivable $ 165,000 $ 65,000
Inventory $ 200,000 $ 75,000
Investment in Snoopy Stock $ 355,000 $ -
Land $ 200,000 $ 100,000
Buildings and Equipment $ 700,000 $ 200,000
COGS $ 200,000 $ 125,000
Depreciation expense $ 50,000 $ 10,000
Selling and adm expense $ 225,000 $ 40,000
Dividends declared $ 10,000 $ 20,000
Accumulated depreciation $ 450,000
Accounts payable $ 75,000
Bonds payable $ 200,000
Common stock $ 500,000
Retained earnings $ 225,000
Sales $ 800,000
Income from Snoopy $ 75,000
Total $ 2,235,000 $ 2,325,000 $ 715,000

CONSOLIDATION WORKSHEET
INCOME STATEMENT CONSOLIDATION
PEANUT COMPANY SNOOPY COMPANY
ACCOUNT
Dr Cr Dr
Sales $ 800,000
COGS $ 200,000 $ 125,000
Gross profit
Depreciation expense $ 50,000 $ 10,000
Selling and adm expense $ 225,000 $ 40,000
Total expenses $ 275,000 $ 50,000
Income from Snoopy 75000
Net profit $ 400,000

CONSOLIDATION WORKSHEET
RETAINED EARNINGS CONSOLIDATION
PEANUT COMPANY SNOOPY COMPANY
ACCOUNT
 ACCOUNT
Dr Cr Dr
Retained earnings 1st January $ 225,000
Net profit 31st December $ 400,000
Dividends declared $ -10,000 $ -20,000
Retained earnings 31st December $ 615,000
 SNOOPY COMPANY
Cr

$ 20,000
$ 60,000
$ 85,000
$ 200,000
$ 100,000
$ 250,000
$ -
$ 715,000

WORKSHEET
ONSOLIDATION
SNOOPY COMPANY ELIMINATION CONSOLIDATION
Cr Dr Cr
$ 250,000 $ 1,050,000
$ -325,000
$ 725,000
$ -60,000
$ -265,000
$ -325,000
75000 0
$ 75,000 75000 $ 400,000

WORKSHEET
ONSOLIDATION
SNOOPY COMPANY ELIMINATION CONSOLIDATION
 Cr Dr Cr
$ 100,000 $ 100,000 $ 225,000
$ 75,000 $ 75,000 $ 400,000
$ 20,000 $ -10,000
$ 155,000 $ 175,000 $ 20,000 $ 615,000
 yang dirapihin
CONSOLIDATION WORKSHEET
INCOME STATEMENT CONSOLIDATION
Elimination
Account Peanut Co Snoopy Co
Dr Cr
Sales $ 800,000 $ 250,000
COGS $ -200,000 $ -125,000
Gross Profit $ 600,000 $ 125,000
Depreciation expense $ -50,000 $ -10,000
Selling and adm exp $ -225,000 $ -40,000
Total expenses $ -275,000 $ -50,000
Income from Snoopy $ 75,000 $ 75,000
Net profit $ 400,000 $ 75,000 $ 75,000

CONSOLIDATION WORKSHEET
RETAINED EARNINGS CONSOLIDATION
Elimination
Account Peanut Co Snoopy Co
 Account Peanut Co Snoopy Co
Dr Cr
Retained earnings 1st January $ 225,000 $ 100,000 $ 100,000
Net profit 31st December $ 400,000 $ 75,000 $ 75,000
Dividends declared $ -10,000 $ -20,000 $ 20,000
Retained earnings 31st December $ 615,000 $ 155,000 $ 175,000 $ 20,000
Consolidation

$ 1,050,000
$ -325,000
$ 725,000
$ -60,000
$ -265,000
$ -325,000
$ -
$ 400,000

Consolidation
 Consolidation

$ 225,000
$ 400,000
$ -10,000
$ 615,000
 BALANCE SHEET CONSOLIDATION
PEANUT COMPANY SNOOPY COMPANY
ACCOUNT
Dr Cr Dr Cr
Cash $ 130,000 $ 80,000
Accounts Receivable $ 165,000 $ 65,000
Inventory $ 200,000 $ 75,000
Investment in Snoopy Stock $ 355,000 -
Land $ 200,000 $ 100,000
Buildings and Equipment $ 700,000 $ 200,000
Less : Accumulated depreciation $ - $ (450,000) $ - $ (20,000)
Total Assets $ 1,750,000 $ (450,000) $ 520,000 $ (20,000)

Accounts payable $ 75,000 $ 60,000

Bonds payable $ 200,000 $ 85,000
Common stock $ 500,000 $ 200,000
Retained earnings $ 525,000 $ 155,000
Total Liability and Equity $ - $ 1,300,000 $ - $ 500,000
LIDATION
ELIMINATION CONSOLIDATION
Dr Cr
$ 210,000
$ 230,000
$ 275,000
$ 355,000 $ -
$ 300,000
$ 10,000 $ 890,000
$ 10,000 $ - $ (460,000)
$ 10,000 $ 365,000 $ 1,445,000 footing
$ 1,445,000 cross footing
$ 135,000
$ 285,000
$ 200,000 $ 500,000
$ 175,000 $ 20,000 $ 525,000
$ 375,000 $ 20,000 $ 1,445,000 footing
$ 1,445,000 crossfooting