a | Accounts Receivable | 41000 | =45000-4000 | |
Equipment | 67800 | |||
Allowance for Doubtful Accounts | 2000 | |||
Jesse,Capital | 106800 | |||
b | Cash | 20500 | ||
Merchandise Inventory | 48000 | |||
Tim,Capital | 68500 |
Jess and Tim forma partnership by combining the assets of their separate businesses. Sesse contributes accounts...
Jesse and Tim form a partnership by combining the assets of their separate businesses. Jesse contributes accounts receivable with a face amount of $45,000 and equipment with a cost of $175,000 and accumulated depreciation of $103,000. The partners agree that the equipment is to be valued at $67,600, that $4,000 of the accounts receivable are completely worthless and are not to be accepted by the partnership, and that $2,400 is a reasonable allowance for the uncollectibility of the remaining accounts...
Instructions Jesse and Tim forma partnership by combining the assets of their separate businesses. Jesse contributes accounts receivable with a face amount of $15000 and equipment with a cost of $183,000 and accumulated depreciation of S100,000. The partners agree that the equipment is to be valued at $68,500, that $3,100 of the accounts receivable are completely worthless and are not to be accepted by the partnership, and that $1,600 is a reasonable allowance for the uncollectibility of the remaining accounts...
Jesse and Tim form a partnership by combining the assets of their separate businesses. Jesse contributes accounts receivable with a face amount of $45,000 and equipment with a cost of $182,000 and accumulated depreciation of $97,000. The partners agree that the equipment is to be valued at $68,400, that $3,700 of the accounts receivable are completely worthless and are not to be accepted by the partnership, and that $2,200 is a reasonable allowance for the uncollectibility of the remaining accounts...
Jesse and Tim form a partnership by combining the assets of their separate businesses. Jesse contributes accounts receivable with a face amount of $46,000 and equipment with a cost of $182,000 and accumulated depreciation of $105,000. The partners agree that the equipment is to be valued at $68,400, that $3,000 of the accounts receivable are completely worthless and are not to be accepted by the partnership, and that $2,300 is a reasonable allowance for the uncollectibility of the remaining accounts...
Jesse and Tim form a partnership by combining the assets of their separate businesses. Jesse contributes accounts receivable with a face amount of $48,000 and equipment with a cost of $178,000 and accumulated depreciation of $99,000. The partners agree that the equipment is to be valued at $68,500, that $4,000 of the accounts receivable are completely worthless and are not to be accepted by the partnership, and that $2,100 is a reasonable allowance for the uncollectibility of the remaining accounts...
Instructions Jesse and Tim form a partnership by combining the assets of their separate businesses. Jesse contributes accounts receivable with a face amount of $45,000 and equipment with a cost of $185,000 and accumulated depreciation of $101,000. The partners agree that the equipment is to be valued at $67,900, that $3,900 of the accounts receivable are completely worthless and are not to be accepted by the partnership, and that $2,100 is a reasonable allowance for the uncollectibility of the remaining...
Jesse and Tim form a partnership by combining the assets of their separate businesses. Jesse contributes accounts receivable with a face amount of $47,000 and equipment with a cost of $182,000 and accumulated depreciation of $95,000. The partners agree that the equipment is to be valued at $67,900, that $4,000 of the accounts receivable are completely worthless and are not to be accepted by the partnership, and that $2,500 is a reasonable allowance for the uncollectibility of the remaining accounts...
Jesse and Tim form a partnership by combining the assets of their separate businesses. Jesse contributes accounts receivable with a face amount of $47,000 and equipment with a cost of $178,000 and accumulated depreciation of $102,000. The partners agree that the equipment is to be valued at $68,400, that $4,000 of the accounts receivable are completely worthless and are not to be accepted by the partnership, and that $2,200 is a reasonable allowance for the uncollectibility of the remaining accounts...
Instructions Chart of Accounts General Journal Instructions Jesse and Tim form a partnership by combining the assets of their separate businesses. Jesse contributes accounts receivable with a face amount of $45,000 and equipment with a cost of $185,000 and accumulated depreciation of $101,000. The partners agree that the equipment is to be valued at $67,900, that $3,900 of the accounts receivable are completely worthless and are not to be accepted by the partnership, and that $2,100 is a reasonable allowance...
Instructions Chart of Accounts General Journal Instructions Jesse and Tim form a partnership by combining the assets of their separate businesses. Jesse contributes accounts receivable with a face amount of $47,000 and equipment with a cost of $178,000 and accumulated depreciation of $102,000. The partners agree that the equipment is to be valued at $68,400, that $4,000 of the accounts receivable are completely worthless and are not to be accepted by the partnership, and that $2,200 is a reasonable allowance...