On January 1, Year 4, Otisius Inc. acquired 100 percent of Boof & Mortimer Holdings' common stock for $200,000. The provisional fair value of the net assets acquired totaled $190,000, and the book value totaled $170,000 at the date of acquisition. The acquisition date consolidating eliminating journal entry, supported by the Acquisition Date Consolidation Workpaper exhibit, was properly prepared in accordance with U.S. GAAP.   

Consolidating Journal Entry

As the controller, you are preparing the December 31, Year 4, consolidated financial statements of Otisius Inc. Assume that Otisius accounts for its investment in Boof & Mortimer Holdings using the equity method of accounting for internal accounting purposes. Using the provided exhibits, complete the consolidating eliminating journal entry required on December 31, Year 4. In column A, select the appropriate account from the drop-down list. In column B, input debit amounts. In column C, input credit amounts. All amounts should be entered as positive, whole numbers.