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I need the answer for option d) Exercise 12-2 (Part Level Submission) K. Decker, S. Rosen, and E. Toso are forming a partnership. Decker is

I need the answer for option d)
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Exercise 12-2 (Part Level Submission) K. Decker, S. Rosen, and E. Toso are forming a partnership. Decker is transferring $48,120 of personal cash to the partnership. Rosen owns land worth $15,270 and a small building worth $75,970, which she transfers to the partnership. Toso transfers to the partnership cash of $12,470, accounts receivable of $33,290 and equipment worth $23,750. The partnership expects to collect $29,961 of the accounts receivable. mewerk 12-2 12-5 12-Ja 12-30 (Part on) Part on. Part an) (a) Your answer is correct. Prepare the jourmal entries to record each of the partners' investments. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Cash $48,120 Study Decker, Capital $48,120 (To record investment of Decker) Land $15,270 Buildings $75,970 # $91,240 Rosen, Capital (To record investment of Rosen.) sion) (Part siony (b) Your answer is correct. What amount would be reported as total owners' dquity immediately after the investments? sby Study $205,541 Total owners' equity Open Show Work Click if you would like to Show Work for this question: SHOW ANSWER SHOW SOLUTION VIDEO SIMILAR EXERCESE LINK TO TEXT Attempts: 1 of 3 used version 4.24.15.5 12-5 12-3 12-30 rart (c) an2 (Part on) Part ank Your answer is correct Assume the partnership income-sharing agreement calls for income to be divided with a salary of $40,000 to Coburn and $35,000 to Webb, interest of 12% on beginning capital, and the remainder divided 50 %-50 %6. Prepare the journal entry to record the allocation of net income. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Credit Debit by Study Income Summary 75000 38860 Coburn, Capital 36140 Webb, Capital Open Show Workd Click if you would like to Show Work for this question: SHOW SOLUTION SHOW ANSWER Attempts: 1 of 3 used (d) Your answer is incorrect. Try again Compute the partners' ending capital balances under the assumption in part (c) above. Ending capital 1,02,860.00 Cobun 1,19,140.00 Webb Open Show Work Click if you would like to Show Work for this question: LINK TO TEXT Attemate: 3 af.3 aIsed SAVE FOR LATER SUBNIT ANSWER Exercise 12-2 (Part Level Submission) K. Decker, S. Rosen, and E. Toso are forming a partnership. Decker is transferring $48,120 of personal cash to the partnership. Rosen owns land worth $15,270 and a small building worth $75,970, which she transfers to the partnership. Toso transfers to the partnership cash of $12,470, accounts receivable of $33,290 and equipment worth $23,750. The partnership expects to collect $29,961 of the accounts receivable. mewerk 12-2 12-5 12-Ja 12-30 (Part on) Part on. Part an) (a) Your answer is correct. Prepare the jourmal entries to record each of the partners' investments. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Cash $48,120 Study Decker, Capital $48,120 (To record investment of Decker) Land $15,270 Buildings $75,970 # $91,240 Rosen, Capital (To record investment of Rosen.) sion) (Part siony (b) Your answer is correct. What amount would be reported as total owners' dquity immediately after the investments? sby Study $205,541 Total owners' equity Open Show Work Click if you would like to Show Work for this question: SHOW ANSWER SHOW SOLUTION VIDEO SIMILAR EXERCESE LINK TO TEXT Attempts: 1 of 3 used version 4.24.15.5 12-5 12-3 12-30 rart (c) an2 (Part on) Part ank Your answer is correct Assume the partnership income-sharing agreement calls for income to be divided with a salary of $40,000 to Coburn and $35,000 to Webb, interest of 12% on beginning capital, and the remainder divided 50 %-50 %6. Prepare the journal entry to record the allocation of net income. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Credit Debit by Study Income Summary 75000 38860 Coburn, Capital 36140 Webb, Capital Open Show Workd Click if you would like to Show Work for this question: SHOW SOLUTION SHOW ANSWER Attempts: 1 of 3 used (d) Your answer is incorrect. Try again Compute the partners' ending capital balances under the assumption in part (c) above. Ending capital 1,02,860.00 Cobun 1,19,140.00 Webb Open Show Work Click if you would like to Show Work for this question: LINK TO TEXT Attemate: 3 af.3 aIsed SAVE FOR LATER SUBNIT

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