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I have most of this figured out already except for the highlighted portions below. I can't figure out how to get the capital for the
I have most of this figured out already except for the highlighted portions below. I can't figure out how to get the capital for the three companies split up and I can't figure out how to get the allowance for doubtful accounts number. Please review and help me with the highlighted parts.
Current Attempt in Progress the cash basis. The partnership's books were closed at December 31, 2024, by the bookkeeper, who prepared the general ledger trial balance that appears as follows: The advances from customers were recorded as sales in the year the cash was received. declining balance method at twice the straight-line depreciation rate. follows: goodwill before admitting the new partner. should be in good form. (Do not prepare formal financial statements or formal journal entries.) (Round answers to 0 decimal places, e.g. 5,125. ) Allowance for Future Inventory Losses Sunland, Capital Coronado, Capital Whispering, Capital Prepaid Insurance Advances from Customers Allowance for Doubtful Accounts 8400 8400 8400 600 Current Attempt in Progress the cash basis. The partnership's books were closed at December 31, 2024, by the bookkeeper, who prepared the general ledger trial balance that appears as follows: The advances from customers were recorded as sales in the year the cash was received. declining balance method at twice the straight-line depreciation rate. follows: goodwill before admitting the new partner. should be in good form. (Do not prepare formal financial statements or formal journal entries.) (Round answers to 0 decimal places, e.g. 5,125. ) Allowance for Future Inventory Losses Sunland, Capital Coronado, Capital Whispering, Capital Prepaid Insurance Advances from Customers Allowance for Doubtful Accounts 8400 8400 8400 600Step by Step Solution
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