Maurice Tutor

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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, 3 Days 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 10 Aug 2017 My Price 3.00

Lynn Goodman

Lynn Goodman, sole proprietor of hardware business decides to form a patnershipwith Ned Johns. Lynn's accounts are as follows: Book Value Agreed Market Value Cash 30,000 30,000 Accounts Receivable 55,000 45,000 Inventory 112,000 135,000 Land 40,000 100,000 Building (net) 500,000 540,000 Accounts Payable 25,000 25,000 Mortgage Payable 125,000 125,000 Ned agrees to contribute 120,000 for a 20% interest. Journalize the entries to record (a) Lynn's Investment (b) Ned's Investment

Answers

Maurice Tutor
(5)
Status NEW Posted 10 Aug 2017 10:08 PM My Price 3.00

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