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b. A 20% interest in equity Journal entry worksheet Record the admission of new partner. General Journal Sep 01, 2920 Debit

b. A 20% interest in equity Journal entry worksheet Record the admission of new partner. General Journal Sep 01, 2920 Debit

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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b. A 20% interest in equity View transaction list Journal entry worksheet < Record the admission of new partner. Note: Enter debits before credits Date General Journal Sep 01, 2020 Recontentry CA 50% interest in equity Clear entry Credit View general journal
Transcribed Image Text:b. A 20% interest in equity View transaction list Journal entry worksheet < Record the admission of new partner. Note: Enter debits before credits Date General Journal Sep 01, 2020 Recontentry CA 50% interest in equity Clear entry Credit View general journal
Ker & Nick Consulting's partners equity accounts reflected the following balances on August 31, 2020: $ 84,000 203,000 Lee and Kalpakan share profit/losses in a 23 ratio, respectively. On September 1, 2020, Liam Court is admitted to the partnership with a cash investment of $123.000 Required Prepare the journal entry to record the admission of Liam under each of the following unrelated assumptions, where he is given: a. A 30% interest in equity Vw transaction list Journal entry worksheet 1 Record the admission of new partner Date Debit Credit Sep 01, 2020 View general j General Journal Clear entry
Transcribed Image Text:Ker & Nick Consulting's partners equity accounts reflected the following balances on August 31, 2020: $ 84,000 203,000 Lee and Kalpakan share profit/losses in a 23 ratio, respectively. On September 1, 2020, Liam Court is admitted to the partnership with a cash investment of $123.000 Required Prepare the journal entry to record the admission of Liam under each of the following unrelated assumptions, where he is given: a. A 30% interest in equity Vw transaction list Journal entry worksheet 1 Record the admission of new partner Date Debit Credit Sep 01, 2020 View general j General Journal Clear entry
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