Desi Sampurna donated equipment, supplies and cash amounting to Rp. 34,000,000 at the time of founding the

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Desi Sampurna donated equipment, supplies and cash amounting to Rp. 34,000,000 at the time of founding the partnership. Inventory has a book value of IDR 50,000,000 but a market value of IDR 17,000,000 because some of it

can no longer be used. The association also took over Desi's note payable worth IDR 19,000,000 which was initially used to purchase equipment.

Asked: Make a journal entry to record Desi Sampurna's contribution to the fellowship?

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Federal Taxation 2021 Corporations, Partnerships, Estates & Trusts

ISBN: 9780135919460

34th Edition

Authors: Timothy J. Rupert, Kenneth E. Anderson, David S. Hulse

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Posted Date: May 10, 2024 10:29 AM

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Desi Sampurna donated equipment, supplies and cash amounting to Rp. 34,000,000 at the time of founding the

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Federal Taxation 2021 Corporations, Partnerships, Estates & Trusts

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