20. on december 1, the partners of m & j partnership decided to dissolve the partnership. on that date the partnership had $50,000 cash and inventory with a book value of 250,000. the partners capital account balances were: marion, 40,000 and jaylyn $60,000. they share profits and losses equally. the inventory was sold for $300,000. after the sale of the inventory and the allocation of the gain or loss, what is the balance on jaylyns account?

A. 60.000

B.25.000

C.85.000

D.50.000

CHEGG ANSWERED ME 60.000 BUT IS WRONG

4. a company decides to exchange its old equipment with book value of $81000($150000 cost less accumulated depreciation of $69000) for new equipment with a fair market value of $220000. the company paid $129000 cash as part of the deal.

the entry to record the new equipment would include a

A. debit equipment (new) for $220000

B credit equipment (old)for $150000

c. credit gain on disposal $ 10000

D. all the above

I selected A and it says it's wrong

25 - b invests $60,000 for a 20 percent interest in a partnership that has total capital of $300,000 after admitting b. which of the following is true?

A. bs capital is $60,000.

B, bs capital is $28,000.

C. b received a bonus of $20,000.

D. received a bonus of $20,000.

3. a company receives $10 000,60-day note receivable on june 31. the due date for the note is

A, august 14

B, august 13

C. none of above