for your homework Search home / study / business / accounting / accounting questions and answers / on march 1. cooper company borrows $80.000 from new national bank. Question: On March 1, Cooper Company borrows $80,000 from New Na... Eerde 262 (Part Lewat Submision) On March 1, Cooper Company borrows $80,000 from New National Bank by signing a month. 6%, rest-bearing note Prepare the necessary entries below istociated with the note payable on the book of Cooper Company Prepare the entry on March 1 when the note was issued. Or are my man when the mark. Du Debe Date and March 1 Cl Attempt of use AVE Show transcribed image text come mormon and greece have decided to form Question: Dividing Partnership Income Morrison and Greene have decid... Dividing Partnership Income Morrison and Greene have decided to form a partnership. They have agreed that Morrison is to invest $150,000 and that Greene is to invest $50,000. Morrison is to devote one-half time to the business, and Greene is to devote full time. The following plans for the division of income are being considered: a. Equal division b. In the ratio of original investments. c. In the ratio of time devoted to the business. d. Interest of 6% on original investments and the remainder equally e. Interest of 6% on original investments, salary allowances of $40,000 to Morrison and 570,000 to Greene, and the remainder equally f. Plan (e), except that Greene is also to be allowed a bonus equal to 20% of the amount by which net income exceeds the total salary allowances Required: For each plan, determine the division of the net income under each of the following assumptions: (1) net income of $115,000 and (2) net income of $200,000. Round answers to the nearest whole dollar (1 $115 Morrison Plan This problem has been solved! a. Resubscribe b