Bob contributes cash of $12,000, and Kim contributes office equipment that cost $10,000 but is valued at

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Bob contributes cash of $12,000, and Kim contributes office equipment that cost $10,000 but is valued at $8,000 to the formation of a new partnership. Prepare the entry in journal form to form the partnership.

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Principles of Accounting

ISBN: 978-1439037744

11th Edition

Authors: Needles, Powers, crosson

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Question Posted: Feb 23, 2012 02:51 AM

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Bob contributes cash of $12,000, and Kim contributes office equipment that cost $10,000 but is valued at

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Cash 12000 Office Equipment 8...View the full answer

Principles of Accounting

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