The approprlate format of the December 31, 2017 closing entry for John & Hope Limited Liability...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The approprlate format of the December 31, 2017 closing entry for John & Hope Limited Liability Partnership, whose two partners had withdrawn their salarles from the partnership during the year, Is: A) John, Drawing Hope, Drawing Salaries Payable Salaries Expense John, Drawing Hope, Drawing John, Capital Hope, Capital Salaries Payable John, Capital Hоpе, Саpital John, Drawing Hope, Drawing XXX XXX XXX B) XXX XXX XXX C) XXX XXX XXX D) XXX XXX XXX XXX Multiple Cholce Option A. Option B. Option C. Option D. The approprlate format of the December 31, 2017 closing entry for John & Hope Limited Liability Partnership, whose two partners had withdrawn their salarles from the partnership during the year, Is: A) John, Drawing Hope, Drawing Salaries Payable Salaries Expense John, Drawing Hope, Drawing John, Capital Hope, Capital Salaries Payable John, Capital Hоpе, Саpital John, Drawing Hope, Drawing XXX XXX XXX B) XXX XXX XXX C) XXX XXX XXX D) XXX XXX XXX XXX Multiple Cholce Option A. Option B. Option C. Option D.
Expert Answer:
Answer rating: 100% (QA)
The correct answer is Option D The appropriate format of ... View the full answer
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
Students also viewed these business communication questions
-
Half Lives for Radioactive Elements Radioactive Parent Stable Daughter Half life Potassium 40 Argon 40 Rubidium 87 Strontium 87 Thorium 232 Uranium 235 Uranium 238 Carbon 14 1. Half life a) How can...
-
John Palmer and Henry Morrison formed the limited partnership of Palmer & Morrison for the management of the Huntington Hotel and filed an appropriate certificate in compliance with the limited...
-
The limited liability partnership is a response to concerns about professionals exposure to liability for their partners malpractice. What is the nature of the liability created by the partnership...
-
The following data represent the muzzle velocity (in feet per second) of rounds red from a 155-mm gun. For each round, two measurements of the velocity were recorded using two different measuring...
-
Suppose the demand function for jelly beans in Cincinnati is linear. Two years ago, the price of jelly beans was $1 per pound, and consumers purchased 100,000 pounds of jelly beans. Last year the...
-
For the data below, suppose we are using that a person tests positive for a disease if their value of A 4. Determine the sensitivity and specificity of this test (note that sensitivity = TP/(TP +...
-
Consider a sample taken from the population of all taxi-in times for all flights that land in Los Angeles. Identify the symbols used for the sample mean and the population mean.
-
At September 30, 2014, the accounts of Park Terrace Medical Center (PTMC) include the following: Accounts Receivable ............... $ 141,000 Allowance for Bad Debts (credit balance) .....3,400...
-
In many rural communities in southern part of Botswana, access to safe drinking water was severely challenging. Many households used to travel some miles away from their houses to collect unprocessed...
-
There are both pragmatic and normative arguments for citizen engagement in spatial planning. Pragmatic arguments include the need to address increasingly wicked problems - utilizing the knowledge of...
-
Describe and explain the output of your program when you make dt large. If the gravitational force that the Sun exerts on the Earth is Gisme R R ES what is the gravitational force that the Earth...
-
Eid, Inc., a manufacturer of coffee makers, had the following activities, allocated costs, and allocation bases: Activities Allocated Costs Allocation Base Account inquiry (hours) $67,000 Account...
-
Write a C++ program that ask the user to Enter 3 characters. If they are all small letter, the program output the message "all small" and output the sum of their ascii codes. If the first and the...
-
2. Given the following unbalanced chemical equation, CH6+ Br2 CH4Br + HBr what mass of HBr is produced if 0.884 mol of CH6 is reacted?
-
A small oil and gas exploration and production company that owns an oil lease that will expire in one year if the company has not commenced development activities by then.The company must decide...
-
Convert the followings from one base to another (you must show the steps as done in classes; two (2) points will be deducted if you don't). 1.a Unsigned 10111012 to a decimal number. Answer: 1.b...
-
Task A: 1. Configure the network for the ABC College. a. Configure the PCs with the following information: Introduction: Assume yourself as a system administrator in ABC College. The college has...
-
Suppose that the electrical potential at the point (x, y, z) is E(x, y, z) = x + y - 2z. What is the direction of the acceleration at the point (1,3,2)?
-
A national bank was robbed by a man with a small strip of tape on each side of his face. An indictment was returned against David. David was then arrested, and counsel was appointed to represent him....
-
Paula, Fred, and Stephanie agree that Paula and Fred will form and conduct a partnership business and that Stephanie will become a partner in two years. Stephanie agrees to lend the firm $50,000 and...
-
This is a stocklist case arising under 220(b) of our [Delaware] General Corporation Law. The issue is whether a shareholder states a proper purpose for inspection under our statute in seeking to...
-
Company data for dividend per share (DPS), earnings per share (EPS), share price, and price-to-earnings ratio (P/E) for the most recent five years are presented in Exhibit 10-9. In addition,...
-
The best model to use when valuing a young dividend-paying company that is just entering the growth phase is most likely the: A. Gordon growth model. B. Two-stage dividend discount model. C....
-
1. An analyst is estimating the intrinsic value of a new company. The analyst has one year of financial statements for the company and has calculated the average values of a variety of price...
Study smarter with the SolutionInn App