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on december 31 the capital balances and income ratios in canasta company are as followsinstructionsa journalize the
at april 30 partners capital balances in bab company are barney 30000 andy 16000 and bea 15000the income-sharing ratios
the partners in apache company decide to liquidate the firm when the balance sheet shows the followingthe partners
at the end of its first year of operations on december 31 2010 kat companys accounts show the followingthe capital
the post-closing trial balances of two proprietorships on january 1 2010 are presented belowjohn and calvin decide to
on december 31 the capital balances and income ratios in fad company are as followsinstructionsa journalize the
at april 30 partners capital balances in skg company are s seger 52000 j kensington 54000 and t gomez 18000 the income
the partners in new yorker company decide to liquidate the firm when the balance sheet shows the followingnbspthe
at the end of its first year of operations on december 31 2010 cnu companys accounts show the followingthe capital
the post-closing trial balances of two proprietorships on january 1 2010 are presented belowpatrick and samuelson
carson letterman and obrien are partners who share profits and losses 50 30 and 20 respectively their capital balances
h barrajas t dingler and r fisk have capital balances of 95000 75000 and 60000 respectively they share income or loss
b cates v elder and s nguyen have capital balances of 50000 40000 and 32000 respectively their income ratios are 5 3
g olde and r young share income on a 6 4 basis they have capital balances of 100000 and 70000 respectively when
j lynn m oller and f tate share income on a 5 3 2 basis they have capital balances of 30000 26000 and 18000
prior to the distribution of cash to the partners the accounts in the njf company arecash 28000 newell capital cr 17000
data for the best company are presented in e12-8instructionsprepare the entries to recorda the sale of noncash assetsb
1 the best company at december 31 has cash 20000 noncash assets 100000 liabilities 55000 and the following capital
1 moe larry and curly are forming the stooges partnership moe is transferring 30000 of personal cash and equipment
for starrite co beginning capital balances on january 1 2010 are gary stark 20000 and jim nyland 18000 during the year
o guillen beginning capital 60000 and kwilliams beginning capital 90000 are partners during 2010 the partnership earned
f calvert and g powers have capital balances on january 1 of 50000 and 40000 respectively the partnership
1 jack herington has owned and operated a proprietorship for several years on january 1 he decides to terminate this
1 k meissner s cohen and e hughes are forming a partnership meissner is transferring 50000 of personal cash to the
shani davis has prepared the following list of statements about partnerships1 a partnership is an association of three