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Debra and Merina sell electronic equipment and supplies through their partnership. They wish to expand their computer lines and decide to admit Wayne to the

Debra and Merina sell electronic equipment and supplies through their partnership. They wish to expand their computer lines and decide to admit Wayne to the partnership. Debras capital is $200,000, Merinas capital is $160,000, and they share income in a ratio of 3:2, respectively.

PLEASE SHOW WORK!!!!image text in transcribed

P 15-11 : Admission of a New Partner (SHOW WORK!!) Use the information provided in P15-11 to answer the following revised questions. a. Wayne directly purchases half of Merina's investment in the partnership from Merina for $90,000. If the bonus method is to be used, "Wayne, capital account should be credited by: b. Wayne paid $150,000 cash in total directly to Debra and Merina for 25% capital interest in the partnership. If the goodwill method is to be used, how much is "Merina, capital" account after Wayne joins the partnership? c. Wayne invests $120.000 cash to the partnership for 25% capital interest in the partnership. "Wayne, capital account should be credited by: d. Wayne invests $150.000 cash to the partnership for 25% capital interest in the partnership. If the goodwill method is to be used, "Wayne, capital account should be credited by: e. Wayne invests $110.000 cash to the partnership for 25% capital interest in the partnership. If the bonus method is to be used, "Wayne, capital" account should be credited by: f. Same information as in "e". If the goodwill method is to be used, "Wayne, capital" account should be credited by: g. Wayne invests $80,000 cash to the partnership for 20% capital interest in the partnership. If the revaluation method is to be used to adjust inventory, "Debra, capital" account should be debited by: P 15-11 : Admission of a New Partner (SHOW WORK!!) Use the information provided in P15-11 to answer the following revised questions. a. Wayne directly purchases half of Merina's investment in the partnership from Merina for $90,000. If the bonus method is to be used, "Wayne, capital account should be credited by: b. Wayne paid $150,000 cash in total directly to Debra and Merina for 25% capital interest in the partnership. If the goodwill method is to be used, how much is "Merina, capital" account after Wayne joins the partnership? c. Wayne invests $120.000 cash to the partnership for 25% capital interest in the partnership. "Wayne, capital account should be credited by: d. Wayne invests $150.000 cash to the partnership for 25% capital interest in the partnership. If the goodwill method is to be used, "Wayne, capital account should be credited by: e. Wayne invests $110.000 cash to the partnership for 25% capital interest in the partnership. If the bonus method is to be used, "Wayne, capital" account should be credited by: f. Same information as in "e". If the goodwill method is to be used, "Wayne, capital" account should be credited by: g. Wayne invests $80,000 cash to the partnership for 20% capital interest in the partnership. If the revaluation method is to be used to adjust inventory, "Debra, capital" account should be debited by

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