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6 of 10 View Policies Show Attempt History Current Attempt in Progress 1.87/4 E K. Decker, S. Rosen, and E. Toso are forming a partnership.
6 of 10 View Policies Show Attempt History Current Attempt in Progress 1.87/4 E K. Decker, S. Rosen, and E. Toso are forming a partnership. Decker is transferring $51,900 of personal cash to the partnership. Rosen owns land worth $17,700 and a small building worth $83,000, which she transfers to the partnership. Toso transfers to the partnership cash of $12,300, accounts receivable of $27,800, and equipment worth $23.200. The partnership expects to collect $25,020 of the accounts receivable. (a) Your answer is partially correct. Prepare the journal entries to record each of the partners' investments. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Cash Decker Capitul Debit 51900 Credit 31900 Question 6 of 10 > (To record investment of Toso.) eTextbook and Media Save for Later 1.87/4 Assistance Used Attempts: 1 of 5 used Submit Answer (b) What amount would be reported as total owners' equity immediately after the investments? Total owners' equity $ to search eTextbook and Media Save for Laber Assistance Used Attempts: 0 of 5 used Submit Answer 78F t
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