T. Andrews contributed $14,000 in to the T & B Partnership. The journal entry to record the

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

Question:

T. Andrews contributed $14,000 in to the T & B Partnership. The journal entry to record the transaction for the partnership is:

Debit Cash $14,000; credit T. Andrews, Capital $14,000.

Debit Cash $14,000; credit Common Stock $14,000.

Debit T & B Partnership $14,000; credit T. Andrews, Capital $14,000.

Debit Cash $14,000; credit T & B Partnership, Capital $14,000.

Debit T. Andrews, Capital $14,000; credit T & B Partnership, Capital $14,000.

Related Book For answer-question

Algebra and Trigonometry

ISBN: 978-1337271172

10th edition

Authors: Ron Larson

See More Books

Posted Date: Mar 16, 2022 01:10 AM

See More Questions

Put into T-Accounts Transaction No. A Dr. B Dr. C Dr. D Dr. E Dr. Dr. F Dr. Inventory Cr. Accounts Payable Cash Cr. Deferred Revenue Prepaid Insurance Cr. Cash Accounts Payable Cr. Cash Cr. Inventory...
On July 1, 2021, Bass Company issued 4,000 bonds of 8%, $1,000 face amount for $3,504,000. The bonds were issued to yield 10%. The bonds are dated July 1, 2021 and mature on July 1, 2030. Interest is...
Andrews Construction is analyzing its capital expenditure proposals for the purchase of equipment in the coming year. The capital budget is limited to $6,000,000 for the year. Lori Bart, staff...
It is reported that 85% of Asian, 78% of white, 70% of Hispanic, and 38% of black children have two parents at home. Suppose there are 500 students in a representative school, of which 280 are white,...
When performing a chi-square test for independence, explain how the cell frequencies under the independence assumption are calculated. For what purpose are these frequencies calculated?
A package delivery company provides both overnight and second-day delivery services. It charges almost twice as much to deliver an overnight package to any world location as it does to deliver the...
Describe triggers. Discuss their advantages and disadvantages.
Snowy Peaks Corporation was organized in January 2009 and issued shares of preferred and common stock as shown. As of December 31, 2012, there have been no changes in outstanding stock. Preferred...
a)Name and explain the major Components of a production system E D (6 marks) A 1 B 3 4 4 C Figure 2: Transversing a graph of a travelling salesman b) Use the nearest neighbour heuristic to find the...
Implied Volatility. Replicate the Implied Volatility Smile Figure on Page 12 of LN3, using current Call options data on the S&P500 (SPX) maturing on January 20, 2023. Please state the assumptions you...
A lease agreement that qualifies as a finance lease calls for annual lease payments of $16,000 over a four-year lease term (also the asset's useful life), with the first payment at January 1, the...
The bike you have been saving for is discounted 20%. You have $400 saved to purchase it. The original, non-discounted price of the bike is $450. There is a 5.71% sales tax added to the price of the...
Black Co. acquired 100% of Blue, Inc. on January 2023. On that date, Blue had land with a book value of $38,000 and a fair value of $49,000. Also, on the date of acquisition, Blue had a building with...
How does the formation of the primitive streak mark the beginning of gastrulation in mammalian embryos?
How can interdisciplinary approaches integrating ecology, evolutionary biology, and socio-economic factors inform more effective conservation policies and strategies to combat biodiversity loss?
In what ways do evolutionary processes shape the biodiversity gradients observed across latitudinal and elevational gradients, and how might these patterns be altered under future climate scenarios?
25. A = [1, 2, 3, 4]; output = A'; a) A. [1, 3; 2, 4] b) [1, 2; 3, 4] c) [2, 1; 4, 3] d) Error
Describe the Operations (+,,*,/) that can cause negligible addition (NA), error magnification (EM), or subtractive cancellation (SC) in calculating ?((x^2)+1) - x . Give the range of where they might...
Use the Quadratic Formula to solve the equation. 1. 2x2 + x 1 = 0 2. 2x2 x 1 = 0 3. 16x2 + 8x 3 = 0
g is related to one of the parent functions described in Section 2.4. (a)Identify the parent function f. (b)Describe the sequence of transformations from f to g. (c) Sketch the graph of g. (d) Use...
Match the rational expression with the form of its decomposition. [The decompositions are labeled (a), (b), (c), and (d).] (a) A/x + B / (x + 2) + C / (x - 2) (b) A/x + B / (x - 4) (c) A/x + B/x2 + C...
Compare different cooling schedule of simulated annealing.
Discuss the perturbation mechanism of simulated annealing.
What are the pros and cons of GA and SA? Can we conceive of a framework that combines the best of both worlds?

T. Andrews contributed $14,000 in to the T & B Partnership. The journal entry to record the

Question:

Expert Answer:

Debit Cash 14000 credit T Andrews Capital 14000 Exp... View the full answer

Algebra and Trigonometry

Students also viewed these business communication questions