Mar and Ria agreed to form a partnership with a total contribution of P500,000 cash Required make the journal entries for the partner's respective initial contribution to the partnership assuming that 1 There was no agreement as to how much would be the specific share of each partner 2 The contrib...

Date Particulars 1 Cash Ale Journal Entries 2 Cash Al ...

Mar and Ria agreed to form a partnership with a total contribution of P500,000 cash. Required:...

Fantastic news! We've Found the answer you've been seeking!

Question:

Related Book For answer-question

Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

See More Books

Posted Date: May 09, 2023 04:09 AM

See More Questions

[In 1999 King was doing business under the name of Washco as a sole proprietorship engaged in selling, installing, and servicing carwash systems and accessories. King offered to his customers the...
Genevieve Shannara has always wanted to open her own kennel and grooming services; she had been grooming pets for friends and family from her apartment for extra cash since high school. When the...
There are n different objects 1, 2, 3, ..., n distributed at random in n places marked 1, 2, 3,..., n. If p be the probability that atleast three of the objects occupy places corresponding to their...
Arrange the following events in the correct temporal sequence during eukaryotic cell division, starting with the earliest: (a) condensation of the chromosomes, (b) Movement of chromosomes to the...
The following account balances were taken from the adjusted trial balance for 3 Rivers Messenger Service, a delivery service firm, for the current fiscal year ended September 30, 2010: Depreciation...
the probability distribution of Ree (vector) was of the following form: A P(Ree) -3Ree/2nl (nl2)3/20 e Where A is a constant for normalization. A. (4pts) Please show that Helmholtz free energy F is...
True or False. A strain gage is a variable-resistance transducer.
Monat Company has grown rapidly since its founding in 2002. To instill loyalty in its employees, Monat is contemplating establishment of a defined benefit plan. Monat knows that lenders and potential...
3. ABC has the following data: (in thousands) Louisian a Mississippi Other Total Sales 600 300 100 1000 Payroll 80 40 120 Propert y 200 400 600 Their federal taxable income for the year is $500,000....
An inexperienced accountant for Zoeng Company, Ltd. made the following errors in recording merchandising transactions. 1. A HK$1,750 refund to a customer for faulty merchandise was debited to Sales...
How would you record the following transactions in Malaysias BOP? Example: (aa) Malaysian authority pays for a container of Pfizer-BioNTech COVID-19 vaccines to Pfizer Inc. of US. Provide your answer...
Why are your professors likely to discourage your use of Wikipedia and blogs as sources for your reports?
Why should you be especially careful to soften the refusal to an invitation?
Revise the following sentences to use plain language and familiar words. a. To expedite ratification of the agreement, we beseech you to vote in the affirmative. b. The seller tried to obfuscate the...
How can you make report conclusions more objective? Provide an example.
After a workplace project was completed, you were upset. You and two other team members did all the work, but two freeloaders are sharing in the credit. Should you report the freeloaders to the...
. 'Competitive Positioning frameworks do not necessarily offer the best tools for arriving at international business strategy.' Discuss this statement as follows: a) Describe Porter's five forces,...
You are thinking of investing in one of two companies. In one annual report, the auditors opinion states that the financial statements were prepared in accordance with generally accepted accounting...
Irwin Schiff is a self-styled tax rebel who has made a career, and substantial profit, out of his tax protest activities. On February 7, Schiff appeared live on CBS News Nightwatch, a late-night...
Jason, who has extremely poor vision, went to an automated teller machine (ATM) to withdraw $200 on February 1. Joshua saw that Jason was having great difficulty reading the computer screen and...
This is a stocklist case arising under 220(b) of our [Delaware] General Corporation Law. The issue is whether a shareholder states a proper purpose for inspection under our statute in seeking to...
A data set has a median of 10, and eight of the numbers in the data set are less than 10. The data set contains a total of n numbers. a. If n is odd, and exactly one of the numbers in the data set is...
Addison has been told that her average on six homework assignments in her history class is 85. She can find only five of the six assignments, which have scores of 91, 72, 96, 88, and 75. What is the...
Jermaine has entered a bowling tournament. To prepare, he bowls five games each day and writes down the score of each game, along with the mean of the five scores. He is looking at the scores from...

Mar and Ria agreed to form a partnership with a total contribution of P500,000 cash. Required:...

Question:

Expert Answer:

Date Particulars 1 Cash Ale Journal Entries 2 Cash Al... View the full answer

Smith and Roberson Business Law

Students also viewed these accounting questions