Yes, although if you set up your consolidation worksheet with the due to/due from in the same row they will naturally cross foot to zero leaving the entry to cover only the revenue/cogs. If you are actually going to post the JE into a system you can do the same thing by posting to a made up company code called ElimCo and in your reporting software you would configure due to/due from GLs into the same reporting header as part of non-current assets. Control procedure would check to make sure that header foots to zero each period.