subject
Business, 10.02.2021 01:00 kevin2920

Jamie and James have decided to form a Partnership together. Jamie has the following accounts:
Accounts Payable $28.000, Notes Payable $12.850, withdrawals S 6,300. Cash S 44,440, Merchandise
Inventory $ 66,700.
James has the following accounts:
Accounts receivable $ 35,000, Notes Payable $ 9.000. Stock $ 35,000, loan 60,800, overdraft $12,000,
Land 120, 500, cash $ 10,000
Instructions: Calculate each Person's Capital Accounts

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 10:20, jjimenez0276
Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.
Answers: 2
image
Business, 22.06.2019 12:40, notorius315
Evan company reports net income of $232,000 each year and declares an annual cash dividend of $100,000. the company holds net assets of $2,130,000 on january 1, 2017. on that date, shalina purchases 40 percent of evan's outstanding common stock for $1,066,000, which gives it the ability to significantly influence evan. at the purchase date, the excess of shalina’s cost over its proportionate share of evan’s book value was assigned to goodwill. on december 31, 2019, what is the investment in evan company balance (equity method) in shalina’s financial records?
Answers: 2
image
Business, 22.06.2019 16:30, tadams9922
Penelope summers received certain income benefits in 2018. she received $1,400 of state unemployment insurance benefits, $2,000 from a federal unemployment trust fund and $3,700 workers’ compensation received for an occupational injury. what amount of the compensation must penelope include in her income
Answers: 1
image
Business, 22.06.2019 17:30, gghkooo1987
An essential element of being receptive to messages is to have an open mind true or false
Answers: 2
You know the right answer?
Jamie and James have decided to form a Partnership together. Jamie has the following accounts:

Questions in other subjects: