Question: please complete the incomplete goodwill method journal entries Record the distribution of net income to partners. Record the goodwill indicated by the purchase of Dunn's
please complete the incomplete goodwill method journal entries Record the distribution of net income to partners.
Record the goodwill indicated by the purchase of Dunn's interest.
Record the admittance of Postner into the partnership.
Record entry to close drawings accounts.
Record the distribution of net income to partners.
Record the goodwill indicated by the withdrawal of
Postner.
Record the final distribution to Postner.
Note: Journal entry has been entered. begintabularllllll
hline & & Cash & checkmark & &
hline & & Goodwill & checkmark & &
hline & & Dunn, capital & checkmark & &
hline & & & & &
hline & & Dunn, capital & & &
hline & & O'Donnell, capital & checkmark & &
hline & & Reese, capital & & &
hline & & Dunn, drawings & & &
hline & & O'Donnell, drawings & checkmark & &
hline & & Reese, drawings & checkmark & &
hline & & & & &
hline & & Income summary & & &
hline & & Dunn, capital & checkmark & &
hline & & O'Donnell, capital & checkmark & &
hline & & Reese, capital & checkmark & &
hline & & & & &
hline & & Goodwill & checkmark & &
hline & & O'Donnell, capital & & &
hline & & Reese, capital & checkmark & &
hline & & Dunn, capital & checkmark & &
hline & & & & &
hline & & Dunn, capital & checkmark & &
hline & & Postner, capital & checkmark & &
hline & & & & &
hline & & Postner, capital & checkmark & &
hline & & O'Donnell, capital & & &
hline & & Reese, capital & checkmark & &
hline & & Postner, drawings & checkmark & &
hline & & O'Donnell, drawings & & &
hline & & Reese, drawings & checkmark & &
hline
endtabularbegintabularllllll
hline & & Goodwill & & &
hline & & O'Donnell, capital & checkmark & &
hline & & Reese, capital & & &
hline & & Dunn, capital & & &
hline & & & & &
hline & & Dunn, capital & & &
hline & & Postner, capital & checkmark & &
hline & & & & &
hline & & Postner, capital & & begintabularl
endtabular &
hline & & O'Donnell, capital & & &
hline & & Reese, capital & & &
hline & & Postner, drawings & checkmark & &
hline & & O'Donnell, drawings & checkmark & &
hline & & Reese, drawings & & &
hline & & & & &
hline & & Income summary & & &
hline & & O'Donnell, capital & checkmark & &
hline & & Reese, capital & checkmark & &
hline & & Postner, capital & & &
hline & & & & &
hline & & Goodwill & & times &
hline & & Postner, capital & V & &
hline & & O'Donnell, capital & & &
hline & & Reese, capital & & &
hline & & & & &
hline & & Postner, capital & checkmark & &
hline & & Cash & checkmark & &
hline
endtabular
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