Ahmed contributed cash of $20,000 into the partnership The journal entry to record this transaction is Cash $20,000 Dr partnership $20,000 Cr True False 00 Ahmed contributed cash of $20,000 into the partnership The journal entry to record this transaction is Cash $20,000 Dr partnership $20,000 Cr ...

The journal entry for cash contribution into a partnership is Cash ac Dr 20000 To Ahm ...

Ahmed contributed cash of $20,000 into the partnership. The journal entry to record this transaction is:...

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

Question:

Related Book For answer-question

Financial and Management Accounting

ISBN: 978-1292086590

7th edition

Authors: Pauline Weetman

See More Books

Posted Date: Nov 14, 2022 01:35 AM

See More Questions

1. Stockholders invested $40,000 in the business in exchange for common stock of the company 2. Purchased computers for office use for $30,000 from Ladd on account. 3. Paid $4,000 cash for May rent...
Leia is uninterested in the business and is more interest in saving the planet from destruction. Unknown to Han, Leia donated his antiques blasters to Stop the Sith Foundation. (StSF) Han paid...
4. (Challenge problem) The acceleration of a projectile on earth at sea level is given as 4 = 0) ay-9 where g 9.81 m/s is the acceleration due to gravity. The subscripts z and y indicate the...
To add new components or tools into the NetBeans IDE, one can use . a. The JFrame tool b. Plugins c. The PHP tool d. JavaFX
The majority of variables that social scientists study are not normally distributed. This doesn't typically cause problems in analysis when the goal of a study is to calculate means and standard...
Angela Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. Instructions (a) Prepare a bank reconciliation going from...
Draw a cash flow diagram of any investment that exhibits both of the following properties: 1. The investment has a 4-year life. 2. The investment has a 10 percent/year internal rate of return.
Innis Investments manages funds for a number of companies and wealthy clients. The investment strategy is tailored to each clients needs. For a new client, Innis has been authorized to invest up to...
Draw the relational model for this EER for vacation property rentals RENTER Renter ID First Name Middle Initial Last Name Address Phone# EMail Signs HI RENTAL AGREEMENT Agreement ID Begin Date End...
On 1 January 20x6, Company X acquires the entire share capital of $500,000 comprising of 500,000 ordinary shares in Company Y. Retained earnings as that date amounted to $100,000. In previous years,...
W AutoSave On Paste File Home Insert Draw Design Layout References Mailings Review View Help Table Design Layout X Clipboard Page 4 of 5 F Calibri (Body) 1267 words BIU ab X 23C Mostly clear DX 11 8...
Two vectors are given by a = 3.0 +5.0 and b = 2.0 + 4.0. Find (a) a xb, (b) a. b, c) (a + b). b, and (d) the component of a along the direction of b.
Han Company is preparing its financial records to get ready to apply for an important bank loan. In the past when Han has applied for bank loans, the bank loan officer has asked Han to provide a...
When does a while loop invariant need to hold (i.e be true)? (a) O When a program enters the loop. (b) O When a program enters and exits the loop. (c) In the post-condition of the method (d) O At the...
A company's income statement for FY23 contains the following information (in $ Million): Revenue 500 COGS 300 SGA&O 100 Profit 60 It is estimated that 20% of COGS and 10% of SGA&A are Throughput...
where should the purchaser's cost go in the residual calculation? For example, the purchaser's cost for a commercial building is 6%.
Which of the following money market securities is backed by specified collateral? negotiable CDs banker's acceptances repurchase agreements commercial paper
Research corporate acquisitions using Web resources and then answer the following questions: Why do firms purchase other corporations? Do firms pay too much for the acquired corporation? Why do so...
Define absorption costing?
Why does depreciation appear as a line item in the reconciliation of operating profit with cash flow?
What is an associated company?
What are Incoterms? Give examples.
Distinguish between public international law and private international law.
What is meant by the proper law of the contract?

Ahmed contributed cash of $20,000 into the partnership. The journal entry to record this transaction is:...

Question:

Expert Answer:

The journal entry for cash contribution into a partnership is Cash ac Dr 20000 To Ahm... View the full answer

Financial and Management Accounting

Students also viewed these accounting questions