Norr and caylor established a partnership on january


Norr and Caylor established a partnership on January 1, 2013. Norr invested cash of $100,000 and Caylor invested $30,000 in cash and equipment with a book value of $40,000 and fair value of $50,000. Make the journal entry for the investment.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Norr and caylor established a partnership on january
Reference No:- TGS0681525

Expected delivery within 24 Hours