Pls Help: Double Entires for Asset Transfer to another entity

Hi, hope anyone can advise on the double entries for this scenario

Background: Company A will cease due to merger with Company B (Newly incorporated)

If I would to transfer Inventories (current assets) from Company A to a Company B as paid up capital. what would be the Debit accounting entry for Company A?

Company A
Dr ???? (Retained Earnings?) can anyone confirm?
Cr Inventories

Company B
Dr Inventories
Cr Equity (Paid-up Capital)
I would assume this is correct

Thanks for the help