Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ahmed, a new partner, contributed 570,000 cash plus machines valued at $35,000 to the partnership This transaction is recorded by the way out O A

image text in transcribed
image text in transcribed
image text in transcribed
Ahmed, a new partner, contributed 570,000 cash plus machines valued at $35,000 to the partnership This transaction is recorded by the way out O A Debit: Assets 5105,000; Credit: Partnership Capital $105,000 B. Debit Ahmed Capital $105,000, Credit Cash $70,000 and Machines $35,000 O c. Debit Cash $70,000 and Machines $35.000 Credit: Partnership Capital 5105,000 D. Debit Cash $70,000 and Machines 535,000 Credit Ahmed Capital $105,000 po On November 1, 2020. SEEF Trading entered into an agreement by signed a 90 dwye payable with a faceva 80 60.000 How much deen this not? (Use 360 days a year A 30 000 OD 0 OCBD 30 0,30 3600 Badet und Mazine partners with capital balances of $450.000, 100.000 and 550.000 espectively. The income and for sharing rating with the partner and sach of $390,000 for his partnership Interest The balances of Dader and Marian capital accounts after Alware O A Bader $300.000: Mazin 1450,000 On Bader $900.000. Mazin. $550.000 Badet 5670.000 Marin 5520.000 Blader 5930,000 Mazin 5500,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Using QuickBooks Online For Accounting 2021

Authors: Glenn Owen

4th Edition

0357442164, 9780357442166

More Books

Students also viewed these Accounting questions

Question

Find the median for the set of measurements 2, 9, 11, 5, 6, 27.

Answered: 1 week ago

Question

A price reduction, or no charge at all, if this is appropriate?

Answered: 1 week ago