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Mark Bahr &Robert Engler decide to form a partnership.Bahar invests $25,000 cash and accounts receivable of $30,000 less allowance for doubtful account of 20,000 cash and equipment having a 6,000 book value . it is agreed that the allownce account should be $3,000 and the fair market of equipment is $10,000.prepare the necessary journal entry to record the formation of the partenership.
during the day the traffic on north monroe street in quincy is fairly steady but the traffic conditions can vary
Prepare the income statement and the statement of owner's equity for the calendar year 2009 and the classified balance sheet at Dec 31, 2009.
On January 1, 2008, Dexter, Inc. signs a 10-year noncancelable lease agreement to lease a storage building from Garr Warehouse Company. What is the amount of the minimum annual lease payment?
Assume the percentage-of-completion method of revenue recognition is used on a long term construciton contract. Under this method, revenues that are earned but unbilled at the balance sheet date should be disclosed
Determine the due date and the amount of interest due at maturity on the following notes: Oct. 1 fee amount 10,500, interest rate 8%, and term of the note is 60 days, Aug. 30 18,000, 10%,120 days, May 30., 12,000, 12%, 90 days, March 6, 15,000, 9%..
Identify the parties likely to be affected by this proposed action.
problem 1 during 2012 nova inc. made several treasury stock transactions. for each of the following give the entrys
1 fantastic futons manufactures futons. the estimated number of futon sales for the first three months of 2010 are as
Inventory with job cost sheets pertaining to unfinished work. (Hint: Use a single T-account for Work in Process Inventory.) Calculate each of the following, then post each to the T-account: (1) beginning balance, (2) direct materials, (3) direc..
andree is about to graduate college with a management degree. she has been offered a job as a sales representative for
gabriel age 40 and edith age 33 are married with two dependents. they had agi of 110000 in 2013 that included net
on january 1 year 1 brandon and alisa roy purchased a home for 1.5 million by paying 500000 down and borrowing the
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