Question
Ann, Dea, and Mirna contribute the following assets to begin partnership operations: Ann Dea Mirna Cash $150,000 $225,000 $175,000 Inventory 57,000 89,000 Plant Assets 350,000
Ann, Dea, and Mirna contribute the following assets to begin partnership operations:
Ann Dea Mirna
Cash $150,000 $225,000 $175,000
Inventory 57,000 89,000
Plant Assets 350,000 100,000
Accounts Payable 14,000 40,000
Notes Payable 160,000
Record the journal entry to establish the assets and owners equity of the partnership.
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Cost Accounting
Authors: Edward B. Deakin, Michael Maher
3rd Edition
0256069190, 978-0256069198
