K. Boo-jin has a 41,000 capital balance in a partnership (amounts in thousands). She sells her interest
Question:
K. Boo-jin has a ¥41,000 capital balance in a partnership (amounts in thousands). She sells her interest to P. Beom-Su for ¥45,000 cash. What entry is made by the partnership for this transaction?
PartnershipA legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
K Boojin Capit...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
Question Posted:
Students also viewed these Business questions
-
Wang and Qinghou decide to merge their proprietorship's into a partnership called WQ Company. The statement of financial position of WQ Co. shows (amounts in thousands): The partners agree that the...
-
Arif, Falel, and Bayu are forming The Doctor Partnership. Arif is transferring Rs30,000 of personal cash and equipment worth Rs25,000 to the partnership (amounts in thousands). Falel owns land worth...
-
Yang and Sammi operate a beauty salon as partners who share profits and losses equally. The success of their business has exceeded their expectations; the salon is operating quite profitably. Sammi...
-
Answer the following questions: 1. What values are inherent in the helping process? 2. Why does Egan refer to them as tools of the trade?
-
Sam's Gardening Centers has multiple stores in the northeastern United States. Sam's is considering investing in an "online" store. In addition to the identifiable cash flows such as increased sales...
-
What is e-tailing? How does it work?
-
What are some of the nonverbal clues to deception?
-
Kogan Company has an inexperienced accountant. During the first 2 weeks on the job, the accountant made the following errors in journalizing transactions. All entries were posted as made. 1. A...
-
Prove that f(xx, yy) = (i=1 (yy) (1/2) x) (i-1 (yy)(1/2)x}) where 1 and 2 refer to periods 1 and 2 respectively; satisfies the condition that: fk(ykx,ykk) = for all k=1,...K then f(yx,y)=\
-
If the VF Corporation deposits $20 million of its retained earnings in an aggressive stock ownership fund for only 1 year, what will be the difference in the total amount accumulated (i.e., F) at 18%...
-
Chuling Chow purchases for HK$72,000 Mengs interest in the Ng-Meng partnership (amounts in thousands). Assuming that Meng has a HK$68,000 capital balance in the partnership, what journal entry is...
-
Kun-Hee & Jae-Chul Co. reports net income of W31,000 (amounts in thousands). Interest allowances are Kun-Hee W7,000 and Jae-Chul W5,000, salary allowances are Kun-Hee W15,000 and Jae-Chul W10,000,...
-
Depending on how you fall, you can break a bone easily. The severity of the break depends on how much energy the bone absorbs in the accident, and to evaluate this let us treat the bone as an ideal...
-
M-E Drafting Incorporated reports the following statement of stockholders' equity. Solve for the missing amounts. Note: Amounts to be deducted should be indicated by a minus sign. Financial...
-
1. Let set U= (n | ne whole numbers, 10
-
Consider the following ad hoc network with all bi-directional links. Suppose node A needs to find a route to node E using DSR (Dynamic Source Routing) using route caching and optimizations. Assume...
-
A network administrator is setting up a web-based application for a company. The application needs to be continually accessible to all end users. Which of the following would best ensure this need is...
-
A technician is configuring a wireless access point in a public space for guests to use. Which of the following should the technician configure so that only approved connections are allowed? A....
-
Holtz Rubenstein Reminick, CPAs, audited year-end financial statements of Quality Food Brands, Inc. and related companies. Signature Bank, relying upon the audited financial reports prepared by Holtz...
-
Wimot Trucking Corporation uses the units-of-production depreciation method because units-of-production best measures wear and tear on the trucks. Consider these facts about one Mack truck in the...
-
Hrabik Corporation issued $600,000, 9%, 10-year bonds on January 1, 2010, for $562,613.This price resulted in an effective-interest rate of 10% on the bonds. Interest is payable semiannually on July...
-
Siburo Company issued $300,000, 11%, 10-year bonds on January 1, 2010, for $318,694. This price resulted in an effective-interest rate of 10% on the bonds. Interest is payable semiannually on July 1...
-
Patino Company issued $400,000, 9%, 20-year bonds on January 1, 2010, at 103. Interest is payable semiannually on July 1 and January 1. Patino uses straight-line amortization for bond premium or...
-
Use the functions f(x) = 2x + 7 and g(x) = 6x - 5 to complete the function operations listed below. Part A: Find (f + g)(x). Show your work. (3 points) Part B: Find (f. g)(x). Show your work. (3...
-
2. The concentration of salt x in a homemade soap maker is given as a function of time by dx dt . = 37.5 3.5x At the initial time, t = 0, the salt concentration in the tank is 50 g/L. i) Using...
-
5. Let A={1,2,3,4} and B={1,2,3}. Let f: A B, f={(1,3), (2,1), (3,2), (4,2)}. a) Is fa function? Consider the function definition to justify your answer. b) Is the compound relation ff 1 (first f and...
Study smarter with the SolutionInn App