Question
Dave Krug contributed $1,300 cash along with inventory and land to a new partnership. The inventory had a market value of $2,600. The land had
Dave Krug contributed $1,300 cash along with inventory and land to a new partnership. The inventory had a market value of $2,600. The land had a market value of $5,600. The partnership also accepted a $3,300 note payable owed by Krug to a creditor. Prepare the partnerships journal entry to record Krugs investment.
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Auditing Social Media A Governance And Risk Guide
Authors: Peter R. Scott, J. Mike Jacka
1st Edition
1118061756, 978-1118061756
