User Account

All Pages

Prepare general journal entries to record the entry of dent

Assignment Help Accounting Basics
Reference no: EM133119532

Question - Zeller, Acker, and Benton are partners with capital balances as follows: Zeller, $103,000; Acker, $88,000; and Benton, $166,000. The partners share profits and losses in a 3:2:5 ratio. Dent is admitted to the partnership on May 1, 2020, with a 25% equity. Prepare General Journal entries to record the entry of Dent into the partnership under each of the following unrelated assumptions:

a. Dent invests $119,000:

b. Dent invests $89,000:

c. Dent invests $150,000:

Reference no: EM133119532

Questions Cloud

What is the eurobond market : Read the case provided and use the Excel file to review pertinent data from the case.
Determine the amount to be reported as current liabilities : Note payable, due January 31, 2022 1,900,000. As of December 31, 2020, determine the amount to be reported as current liabilities
Calculate how much capital the bank would have to hold : The Basel Capital Accords are the most important of the regulations that banks must satisfy. Consider a bank with the following assets on its balance sheet.
How much capital the bank would have to hold : If this bank was required to hold 8% of its risk weighted assets as capital, calculate how much capital the bank would have to hold.
Prepare general journal entries to record the entry of dent : Dent is admitted to the partnership on May 1, 2020, with a 25% equity. Prepare General Journal entries to record the entry of Dent
What is your investment recommendation : ROSS estimates a 25% probability for a successful exit, with an expected exit time in 3 years. What is your investment recommendation
What would be the return on sc portfolio : Consider an economy with two hedge funds, short capital (SC) and long capital (LC), and two risky assets, assets A and B. Each hedge fund has $100 million of ca
Thesis for a long straddle stock nvidia : A thesis for a long straddle stock Nvidia (Ticker: NVDA)? Why do you think Nvidia would be a good option for a long straddle stock in 2022?
Explain the income-related items : What financial statement, which can be reported with or separate from the income statement, includes income-related items that affect the balance sheet but are

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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