Robert Pilar and Ronald Slate enter into a partnership. On December 1, 202X, Robert invests $7,000 cash
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Robert Pilar and Ronald Slate enter into a partnership. On December 1, 202X, Robert invests $7,000 cash in the partnership. Ronald invests $4,800 cash and store equipment with a historical cost of $6,600 and accumulated depreciation of $2,400. The equipment has a current appraised value of $9,200. Prepare a journal entry to record this transaction.
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Related Book For
College Accounting A Practical Approach Chapters 1-25
ISBN: 9780137504282
15th Edition
Authors: Jeffrey Slater, Mike Deschamps
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