As at 30 June 20×7, the final accounts of 3 companies are as…

As at 30 June 20×7, the final accounts of 3 companies are as follows:
Fig Ltd Run Ltd Trot Ltd
$ $ $
Fixed Assets
Buildings (net) 40,000 50,000 10,000
Plant (net) 80,000 34,000 27,000
Investments
Shares in Run Ltd, at cost 120,000 – –
Shares in Trot Ltd, at cost 58,000 – –
Net current assets 204,500 32,000 37,000
502,500 116,000 74,000
Share Capital and Reserves
Ordinary shares 100,000 80,000 75,000
Capital reserve 20,000 16,000 –
Retained profits 382,500 20,000 (1,000)
502,500 116,000 74,000
Fig Ltd acquired 60,000 shares of Run Ltd and 75,000 shares of Trot Ltd on 30 June 20×7. The number of shares issued for Run and Trot are 80,000 and 75,000 respectively.
Required:
Prepare consolidation journal entries and worksheet.

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