User Account

All Pages

How do journalize the withdrawal of sara

Assignment Help Financial Accounting
Reference no: EM132905700

Problem 1: On march 31 sara retires from partnership of sara brenden and tim. the capitals are as follow sara 48,000, brenden 48,000 and Tim 21,000. the profit sharing ratio is 5:3:2 for Sara Brenden and tim respectively. Journalize the withdrawal of sara assuming she receives $60,000 cash. Journalize the withdraw of sara assuming she receive $30,000.

Reference no: EM132905700

Questions Cloud

Calculate the amortised cost of the bonds as at june : Grommet Ltd issues a four-year bonds. Calculate the amortised cost of the bonds as at 30 June 2019 by preparing a schedule of amortised cost/interest payment.
Explain security or master plan and countermeasures : What are physical barriers and how they coincide with physical security? Explain security or master plan and countermeasures
Determine what is the yield to maturity : ABC's bonds have a 5.5% coupon and pay interest semi-annually. What is the yield to maturity? What is the current yield? What is the yield to call?
Calculate the effective annual interest rate : First City has offered Hawley the alternatives listed here. Calculate the effective annual interest rate for each alternative
How do journalize the withdrawal of sara : Journalize the withdrawal of sara assuming she receives $60,000 cash. Journalize the withdraw of sara assuming she receive $30,000.
Influential methodology to study social systems : Agent-based modeling has been applied in many domains. Why are they becoming an influential methodology to study social systems?
What is the monthly amount of depreciation required : Blue Company purchased a building for $100,000. What is the monthly amount of depreciation required to include in end of month adjusting entries?
Journalize payment of semi annual interest and amortization : Wilkes Mutual insurance company issued 100,000, Journalize the payment of semi annual interest and amortization of bond discount or premium on july 1, 2018.
Find what was the amount of the final payment : $888.33 in 15 months, and a final payment in 23 months. If interest was 4% compounded semi-annually, what was the amount of the final payment?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd