answer is option B - 144240
=375000-195000-28600-2610-4550 = 144240
** 4550 = 9100 / 2
Shelby Partnership had revenues of $375,000 in its first year of operations. The partnership has not...
Allen partnership, had revenues of $362,000 in its first year of operations. The partnership has not collected on $45,700 of its sales and still owes $38,100 on $165,000 of merchandise It purchased. There was no Inventory on hand at the end of the year. The partnership paid $34,100 in salarles. The partners Invested $48,000 in the business and $29,000 was borrowed on a five-year note. The partnership paid $3,190 In Interest that was the amount owed for the year and...
Tri
Fecta, a partnership, had revenues of $374,000 in its first year of
operations. The partnership has not collected on $45,200 of its
sales and still owes $39,000 on $185,000 of merchandise it
purchased.
please give explanation
33 33333333 Tri Fecta, a partnership, had revenues of $374,000 in its first year of operations. The partnership has not collected on $45,200 of its sales and still owes $39.000 on $185,000 of merchandise it purchased. There was no inventory on hand at...
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Tri Fecta, a partnership, had revenues of $360,000 in its first year of operations. The partnership has not collected on $45,300 of its sales and still owes $38,700 on $155,000 of merchandise it purchased. There was no inventory on hand at the end of the year. The partnership paid $26,000 in salaries. The partners invested $48,000 in the business and $30,000 was borrowed on a five-year note. The partnership paid $3,600 in interest that was the amount owed for the...
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