FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

*BE12-9 Capital balances in Pelmar Co. are Lango $40,000, Oslo $30,000, and Fernetti $20,000. Lango and Oslo each agree to pay Fernetti $12,000 from their

image text in transcribed
*BE12-9 Capital balances in Pelmar Co. are Lango $40,000, Oslo $30,000, and Fernetti $20,000. Lango and Oslo each agree to pay Fernetti $12,000 from their personal assets Lango and Oslo each receive 50% of Fernet is equity. The partners shareincome equally Journalize the withdrawal of Fernetti

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

Managerial Accounting A Focus On Ethical Decision Making

Managerial Accounting A Focus On Ethical Decision Making

Authors: Jackson

5th Edition

B00651UGQG

More Books

Students also viewed these Accounting questions

Question

★★★★★
Find the interval of convergence of each of the following power series. a) b) c) d) 0 log (-k- i (k+1)!

Answered: 1 week ago

Question

★★★★★
T F Packaging has little infl uence on buying decisions.

Answered: 1 week ago

Question

★★★★★
On December 21, 1988, Pan Am Flight 103 exploded 31,000 feet in the air over Lockerbie, Scotland, killing all 259 passengers and crew on board and 11 people on the ground. Among those killed was...

Answered: 1 week ago

Question

★★★★★
10-Which among the following is considered as a setback for implementing the inflation accounting in the companies? a. Planning firms finances need to be revised frequently. b. It exhibits fair view...

Answered: 1 week ago

Question

★★★★★
The mean unemployment rate in March of each year from 1992 to 2002 is x = 5.45, with a standard deviation of s x = 1.1. The mean unemployment rate in August of each year for the same time frame is =...

Answered: 1 week ago

Question

★★★★★
An applied researcher is developing a new measure of organizational commitment for a study. In order to compare it to an existing measure of organizational commitment, the researcher would compute a...

Answered: 1 week ago

Question

★★★★★
7.5 A large lot of manufactured items contains 10% with exactly one defect, 5% with more than one defect, and the remainder with no defects. Ten items are randomly selected from this lot for sale. If...

Answered: 1 week ago

Question

★★★★★
A composite wall of a furnace has 3 layers of equal thickness having thermal conductivities in the ratio of 1:2:4. What will be the temperature drop ratio across the three respective layers? A. 12:4...

Answered: 1 week ago

Question

★★★★★
Assuming that the daily changes in a portfolio's value follow a normal distribution with a mean of zero and a standard deviation of R6 million. Calculate the following risk metrics: a) Determine the...

Answered: 1 week ago

Question

★★★★★
27. A manufacturer of a line of breakfast cereals wants to test market a new cereal for children. The advertising department is trying to decide between a cartoon bear or a cartoon lion on the front...

Answered: 1 week ago

Question

★★★★★
a. Describe the encounter. What made it intercultural?

Answered: 1 week ago

Question

★★★★★
2. Describe three approaches to the study of intercultural communication.

Answered: 1 week ago

Question

★★★★★
c. Describe how you felt after the encounter, and explain why you think you felt as you did.

Answered: 1 week ago

Previous Question Next Question