Angela Moss and Autumn Barber organize a partnership on January 1 . Moss's initial net investment is
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Angela Moss and Autumn Barber organize a partnership on January Moss's initial net investment is $ consisting of cash $ equipment $ and a note payable reflecting a bank loan for the new business $ Barber's initial investment is cash of $ These amounts are the values agreed on by both partners.
Prepare journal entries to record Mosss investment and Barbers investment.
Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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