If inventory in the beginning of the period is 2700 and at

Reference no: EM13482161

f there are 3 partners in a partnership each contributing 10 000 each in their business and they each agree to share their profits proportionaly to their contributed capital by 1/3 cash each. If the cash payments to the partners is 22 500 each, what is the required journal entry?

also :

if inventory in the beginning of the period is 2700 and at the ened of the period it is estimated that 2430 is left. we know that purchases of 10265 of inventory were made in cash and 1287 were made on account. what are the required journal entries.
What is the required journal entry if you know the cash recieved rom customers is 10 000.

Reference no: EM13482161

Questions Cloud

Prepare the adjusting entry to record the bonds at : presented below is information taken from a bond investmentamortization schedule with related fair values provided.

Bondholders are crditors of the issuing corporation : write true or false for statements given below1. bondholders are crditors of the issuing corporation.2. bondholders

The charges to work in process-baking department for a : the charges to work in process-baking department for a period as well as information concerning production are as

Describe the accounting controls you would expect to find : describe the accounting controls you would expect to find in the purchasing system of a high street retail company and

If inventory in the beginning of the period is 2700 and at : f there are 3 partners in a partnership each contributing 10 000 each in their business and they each agree to share

Shimmer does not sell any other assets during the year and : shimmer inc is a calendar year end accrual method corporation. this year its sells the following long term

Compute the current break-even sales units compute the : currently the unit selling price of a product is 300 the unit variable cost is 225 and the total fixed costs are

The following information is available for pet store : the following information is available for pet store company and its two divisions pet supplies and training.whole

Prepare a schedule that discloses the individual costs : on january 1 2008 blair corporation purchased for 500000 atract of land site number 101 with a building. blair paid a

User Account

All Pages