How to remove Sold Subsidaries with intercompany accounts and elimination company balances

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We had 5 Companies (one Parent and 4 Subs). All were separate companies in GP. All bills were paid out of the parent and charged to the various Subs through inter-company transactions run through an Elimination Company we created. The assets of 2 Subs were sold and no other transactions occur in them. However, those Companies still have balances in the inter-company accounts, retained earnings and common stock. What is the best way to close out these 2 companies? Just make a journal entry running the Balances Sheet Accounts on the subs through the elimination Company and then into the parent? Am I overthinking this? Thanks in advance.

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