Question

I w Library Hours CengageNow.20metrach * + //taksigment/ teagmentMindowokert of $20,000 and the partnershi d we a 12.40 Hannah loh n t Inventory and $59.0 cash to The had a book $35,300. The book value of $46,500 but only had a market value of $19.800 de to be note payable owed by Hannah that was originally used to purchase the count What amount should be recorded to 's capital account? $141.700 b. $123,000 Oc. $128.400 4. $101,600 ( est)

Answer 1

Solution 59900 Eash Market valve off equépment 35300 Market value ok Invertosy 19800 Total 115000 Less: valve of Note payable assumed by the 13400 partnership Amount to be greconded to Hannah's capftal to1600 account optien (d) is Correct.