please I need the answers G the ins CO Excel File C39 1 2 3 50 4

please I need the answers

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G the ins CO Excel File C39 1 2 3 50 4 5 6 7 00 8 edx Course | CS50's Intr... 9 10 11 12 13 14 15 16 17 18 A Login | C SENIOR C Home FIU FIU Car FTD Assign FTU FIUL M Inbox ( M Chapte M Chapte New Ta Home McGraw Hill Excel Question - Saved V ezto.mheducation.com/ext/common/excelonline/excel-tool.html?Q_13252725879390434_ans Working... Prince, Capital Robbins, Capital Prince Robbins Jeffrey Insert B x fix Jeffrey invests 85F T-storms Net Income Calibri (Body) F1 Photon Trading - G... in LinkedIn Learning:... 2 Draw Workbook Statistics = Graded Worksheet Profits and loss split F2 The Prince-Robbins partnership has the following capital account balances on January 1, 2024: 11 # 3 Formulas + C + > F3 On January 2, 2024, Jeffrey invests $55,000 cash for a 20 percent interest in the partnership. This transaction is recorded by the goodwill method. After this transaction, 6 percent interest is still to go to each partner. Profits and losses will then be split as follows: Prince (50 percent), Robbins (30 percent), and Jeffrey (20 percent). In 2024, the partnership reports a net income of $15,000. $100,000 90,000 Prince is allocated 80 percent of all profits and losses with the remaining 20 percent assigned to Robbins after interest of 10 percent is given to each partner based on beginning capital balances. B $55,000 S $15,000 4 50% 30% 20% Data Review View HA D F4 80% 20% E F5 Discover on Sound... M Inbox (654) - adel.a... ML Bookmarks % 5 Search (Alt + Q) Q Search ... 0 + Help Ev ab ab B 20% interest in the partnership F6 F F7 & F8 Currency * G C Export M ERL F9 P SA F10 $- G the ins CO Excel File C39 1 2 3 50 4 5 6 7 00 8 edx Course | CS50's Intr... 9 10 11 12 13 14 15 16 17 18 A Login | C SENIOR C Home FIU FIU Car FTD Assign FTU FIUL M Inbox ( M Chapte M Chapte New Ta Home McGraw Hill Excel Question - Saved V ezto.mheducation.com/ext/common/excelonline/excel-tool.html?Q_13252725879390434_ans Working... Prince, Capital Robbins, Capital Prince Robbins Jeffrey Insert B x fix Jeffrey invests 85F T-storms Net Income Calibri (Body) F1 Photon Trading - G... in LinkedIn Learning:... 2 Draw Workbook Statistics = Graded Worksheet Profits and loss split F2 The Prince-Robbins partnership has the following capital account balances on January 1, 2024: 11 # 3 Formulas + C + > F3 On January 2, 2024, Jeffrey invests $55,000 cash for a 20 percent interest in the partnership. This transaction is recorded by the goodwill method. After this transaction, 6 percent interest is still to go to each partner. Profits and losses will then be split as follows: Prince (50 percent), Robbins (30 percent), and Jeffrey (20 percent). In 2024, the partnership reports a net income of $15,000. $100,000 90,000 Prince is allocated 80 percent of all profits and losses with the remaining 20 percent assigned to Robbins after interest of 10 percent is given to each partner based on beginning capital balances. B $55,000 S $15,000 4 50% 30% 20% Data Review View HA D F4 80% 20% E F5 Discover on Sound... M Inbox (654) - adel.a... ML Bookmarks % 5 Search (Alt + Q) Q Search ... 0 + Help Ev ab ab B 20% interest in the partnership F6 F F7 & F8 Currency * G C Export M ERL F9 P SA F10 $-

Answer rating: 100% (QA)

Here are the full detailed workings a Journal entries to record Jeffreys entrance 1 Record goodwill ... View the full answer