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Category > Accounting Posted 25 Apr 2017 My Price 2.00

Jell and dell was partners with capital balances

Jell and dell was partners with capital balances of $600 and $800 and an income sharing ratio of 2:3. They admitted zell to a 30% interest in the partnership and the total amount of good will credited to the original partner is 700. What amount did zell contribute to the business? Please show how to compute for this problem.

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Alpha Geek
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Status NEW Posted 25 Apr 2017 06:04 PM My Price 2.00

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file 1493145874-Jell and dell was partners with capital balances.xlsx preview (72 words )
Je-----------ll -----------and----------- de-----------ll -----------was----------- pa-----------rtn-----------ers----------- wi-----------th -----------cap-----------ita-----------l b-----------ala-----------nce-----------s o-----------f $-----------600----------- an-----------d $-----------800----------- an-----------d a-----------n i-----------nco-----------me -----------sha-----------rin-----------g r-----------ati-----------o o-----------f 2-----------:3.----------- Th-----------ey -----------adm-----------itt-----------ed -----------zel-----------l t-----------o a----------- 30-----------% i-----------nte-----------res-----------t i-----------n t-----------he -----------par-----------tne-----------rsh-----------ip -----------and----------- t-----------he -----------tot-----------al -----------amo-----------unt----------- of----------- go-----------od -----------wil-----------l c-----------red-----------ite-----------d t-----------o t-----------he -----------ori-----------gin-----------al -----------par-----------tne-----------r i-----------s 7-----------00.----------- Wh-----------at -----------amo-----------unt----------- di-----------d z-----------ell----------- co-----------ntr-----------ibu-----------te -----------to -----------the----------- bu-----------sin-----------ess-----------? P-----------lea-----------se -----------sho-----------w h-----------ow -----------to -----------com-----------put-----------e f-----------or -----------thi-----------s p-----------rob-----------lem-----------.Ca-----------pit-----------al -----------of -----------Jel-----------lCa-----------pit-----------al -----------of -----------Del-----------lAm-----------oun-----------t o-----------f G-----------ood-----------wil-----------l c-----------red-----------ite-----------d t-----------o O-----------ld -----------par-----------tne-----------rsT-----------ota-----------l Z-----------ell----------- Co-----------ntr-----------ibu-----------tio-----------n -----------(21-----------00*-----------30%-----------)
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