subject
Business, 25.06.2019 20:30 samoc22

Faith busby and jeremy beatty started the b& b partnership on january 1, 2018. the business acquired $85,800 cash from busby and $134,200 from beatty. during 2018, the partnership earned $66,500 in cash revenues and paid $42,600 for cash expenses. busby withdrew $3,400 cash from the business, and beatty withdrew $5,600 cash. the net income was allocated to the capital accounts of the two partners in proportion to the amounts of their original investments in the business. required: prepare an income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows for b& b’s 2018 fiscal year.

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 21:30, elopezhilario6339
He set of companies a product goes through on the way to the consumer is called the a. economic utility b. cottage industry c. market saturation d. distribution chain
Answers: 3
image
Business, 22.06.2019 09:50, anonymous777739
Beck company had the following accounts and balances at the end of the year. what is net income or net loss for the year? cash $ 74 comma 000 accounts payable $12,000 common stock $21,000 dividends $12,000 operating expenses $ 13 comma 000 accounts receivable $ 49 comma 000 inventory $ 47 comma 000 longminusterm notes payable $33,000 revenues $ 91 comma 000 salaries payable $ 30 comma 000
Answers: 1
image
Business, 23.06.2019 10:20, chris199825
George wants to collect funds to open his own bakery from his family.  he needs an accurate estimate of how much money he would require to run the bakery for at least six months.  he has to buy a shop  (costing $3,500)  and buy an oven  (costing $600).  his  start-up  costs, including various utility costs, would be  $300.  he has calculated his monthly expenses as  $250.  how much money would george require to start his business and run it for at least six months? a.  $3500b.  $5,900c.  $7,200d.  $7,400e.  $8,200its not c.7200 tried it
Answers: 1
image
Business, 23.06.2019 18:00, lolweapon
What effect does a rise in income have on demand? increases demand for normal goods decreases demand for normal goods increased prices on goods decreased prices on goods
Answers: 1
You know the right answer?
Faith busby and jeremy beatty started the b& b partnership on january 1, 2018. the business acqu...

Questions in other subjects:

Konu
Mathematics, 25.04.2021 22:30