Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 13 Jul 2017 My Price 11.00

accounts of the Ann, Bob, and Carrie partnership

The capital accounts of the Ann, Bob, and Carrie partnership at December 31, 2011, together with profit and loss sharing ratios, are as follows:
Ann (25%) ……. $ 75,000
Bob (25%) …….. 100,000
Carrie (50%) ….. 125,000
The partners agree to admit Darling into the partnership.
REQUIRED: Prepare the journal entry or entries to admit Darling into the partnership and calculate the partners’ capital balances immediately after his admission under each of the following independent assumptions:
1. Carrie sells half of her interest to Darling for $90,000, and the partners agree to admit Darling into the partnership.
2. Darling invests $75,000 cash in the partnership for a 25% interest in the partnership capital and profits, and partnership assets are revalued.
3. Darling invests $80,000 cash in the partnership for a 20% interest in the capital and profits, and partnership assets are revalued.
4. Darling invests $90,000 cash in the partnership for a 30% interest in the capital and profits, and partnership assets are not revalued.

Answers

Maurice Tutor
(5)
Status NEW Posted 13 Jul 2017 07:07 AM My Price 11.00

Hel-----------lo -----------Sir-----------/Ma-----------dam----------- Â----------- Th-----------ank----------- Yo-----------u f-----------or -----------usi-----------ng -----------our----------- we-----------bsi-----------te -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n. -----------Ple-----------ase----------- pi-----------ng -----------me -----------on -----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill-----------

Not Rated(0)