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I WANT TO SOLVE THESE QUESTION IN THE ALL PIC IS FOLLOW THE SAME QUESTION BUT ITS A PART TO CLEAR THE PIS PLZ SOLVE
I WANT TO SOLVE THESE QUESTION IN THE ALL PIC IS FOLLOW THE SAME QUESTION BUT ITS A PART TO CLEAR THE PIS
PLZ SOLVE IT AS SOON AS
THANK ALOT
Hebrom 1 M N Q Cash 110.000 1 free on Behip Formation 2 The post closing trial balance of Baher & Maher Partnership and Amin Yasin partnership follows: Baher & Maher Amin & Yasin Trial Balance Dr. C.182 25.000 22.000 7 Accounts receivable 100.000 Accounts receivable 150,000 Allowance for doubtful 2.000 Allowance for doubtful accounts 6000 . Inventory 175.000 10 Building 305.000 11 Acuted deprecation 24.000 Accumulated depreciation 61,000 12 Accounts payable 40.000 Accounts payable 13 Note Payable 300.000 None Payable 34 Bahar Capital 55.000 Amin Capital 15 Maher Capital 144,000 Yasin Capital 16 405.000 45.000 451.000 450.000 18 The partnerships decided to combine and form one partnership aer considering the following 1. Profit and loss ration. The profit and sharing rates for the former partenere to Baher and Go to Maher, and so to Amin and 70 to Yasin. The profit and for sharing rate for the 19 new partnership is Baher 20: MaheroAmin 15 Yasin 38% 2. Capital investments. The opening capital investments for the new partnership are to be in the same rate as the groft and loss sharing ratios for the new partnership.ir necessary. Certain patters How M N 5 2. Capital investments. The opening capital investments for the newership are to be in the same rate as the profit and loss sharing ratios for the new partnership if necessary certain partners may have to contribute additional cash, and others may have to withdraw cash to bring the capital 21 investments into the properti 3. Accounts receivable. The partners agreed to set the new partenhirwance for bad debts et of the accounts receivable contributed by Mand 12% of the accounts receivable contributed 23 by ABY 24 4. Inventory. The new partnership's opening inventory is to be valued by the FIFO method. B&M used the F#method to value inventory which approximates its current valutland ABY used the UFO 25 method. The lo inventory represents of inspirovalut Property and equipment. The partners agree that the building's current value is approximately 27 rok of the building's historical costas recorded on each partnership's books 28 Unpaid liability Aher each partnership's books were closed on 30/6/2000, an unrecorded 23 merchandise purchase of $1.500 by ABY was discovered. The merchandis had been sold by 30/6/2020 30 31 DEQUARED 1. Prepare the journal entries to record the initial capital contribution after considering the effect of 32 the additional information above. Use separate entries for each of the combining partnerships www. 1 M N 5 31 BOUARED 1. Prepare the journal entries to record the initial capital contribution after considering the effect of 32 the additional information above. Use separate entries for each of the combining partnerships 2. Prepare a schedule computing the cash contributed or cash withdrawn by each partner to bring the 34 Initial capital balances into the profit and loss sharing ati 35 WRITE YOUR SOLUTION IN THE SPACE PROVIDED BELOW.KLASE WHOW YOU CALCULATON 36 MOUTON 371 ENTRY REQUIRED BY SAM ENTRY REQUIRED BY ANY Dr. 40 41 Accounts receivable Accounts receivable 43 Building and met Building and equipment 44 Allowance for bad debits Allowance for bad debt 4 Accounts payable Accounts payable 46 Note payable Niobe payabile 47 Baher Capital Baher Cap 48 Maher Capital Maher Capital ny Investor . 51 2. I have filled the solution for Beher and the total. Fa the information for the Mahetosis, and Amin 52 Total HOOD M N 5 38 10 Cash 2. Prepare a schedule computing the cash contributed or cash withdrawn by each partner to bring the 34 Initial capital balances into the profit and low sharing to 35 WRITE YOUR SOLUTION IN THE SPACE PROVIDED BELOW. KLASE WOW YOU CALCULATION 36 SOLUTION 331 ENTRY REQUIRED BY SAM ENTRY REQUIRED BY ANY Dr. Accounts receivable u bulding and equipment Building and equipment 44 Allowance for badders 15 Accounts payable Accounts payable 46 45 49 50 51 2. I have tried the solution for her and the total the information for the Mahecosis and Amin 53 rol sharing 200 Now 15 54 Capitales > 455.000 55 Capital Balansretired using / sharing 91.000 > a her 91.500 ? > > > > Hebrom 1 M N Q Cash 110.000 1 free on Behip Formation 2 The post closing trial balance of Baher & Maher Partnership and Amin Yasin partnership follows: Baher & Maher Amin & Yasin Trial Balance Dr. C.182 25.000 22.000 7 Accounts receivable 100.000 Accounts receivable 150,000 Allowance for doubtful 2.000 Allowance for doubtful accounts 6000 . Inventory 175.000 10 Building 305.000 11 Acuted deprecation 24.000 Accumulated depreciation 61,000 12 Accounts payable 40.000 Accounts payable 13 Note Payable 300.000 None Payable 34 Bahar Capital 55.000 Amin Capital 15 Maher Capital 144,000 Yasin Capital 16 405.000 45.000 451.000 450.000 18 The partnerships decided to combine and form one partnership aer considering the following 1. Profit and loss ration. The profit and sharing rates for the former partenere to Baher and Go to Maher, and so to Amin and 70 to Yasin. The profit and for sharing rate for the 19 new partnership is Baher 20: MaheroAmin 15 Yasin 38% 2. Capital investments. The opening capital investments for the new partnership are to be in the same rate as the groft and loss sharing ratios for the new partnership.ir necessary. Certain patters How M N 5 2. Capital investments. The opening capital investments for the newership are to be in the same rate as the profit and loss sharing ratios for the new partnership if necessary certain partners may have to contribute additional cash, and others may have to withdraw cash to bring the capital 21 investments into the properti 3. Accounts receivable. The partners agreed to set the new partenhirwance for bad debts et of the accounts receivable contributed by Mand 12% of the accounts receivable contributed 23 by ABY 24 4. Inventory. The new partnership's opening inventory is to be valued by the FIFO method. B&M used the F#method to value inventory which approximates its current valutland ABY used the UFO 25 method. The lo inventory represents of inspirovalut Property and equipment. The partners agree that the building's current value is approximately 27 rok of the building's historical costas recorded on each partnership's books 28 Unpaid liability Aher each partnership's books were closed on 30/6/2000, an unrecorded 23 merchandise purchase of $1.500 by ABY was discovered. The merchandis had been sold by 30/6/2020 30 31 DEQUARED 1. Prepare the journal entries to record the initial capital contribution after considering the effect of 32 the additional information above. Use separate entries for each of the combining partnerships www. 1 M N 5 31 BOUARED 1. Prepare the journal entries to record the initial capital contribution after considering the effect of 32 the additional information above. Use separate entries for each of the combining partnerships 2. Prepare a schedule computing the cash contributed or cash withdrawn by each partner to bring the 34 Initial capital balances into the profit and loss sharing ati 35 WRITE YOUR SOLUTION IN THE SPACE PROVIDED BELOW.KLASE WHOW YOU CALCULATON 36 MOUTON 371 ENTRY REQUIRED BY SAM ENTRY REQUIRED BY ANY Dr. 40 41 Accounts receivable Accounts receivable 43 Building and met Building and equipment 44 Allowance for bad debits Allowance for bad debt 4 Accounts payable Accounts payable 46 Note payable Niobe payabile 47 Baher Capital Baher Cap 48 Maher Capital Maher Capital ny Investor . 51 2. I have filled the solution for Beher and the total. Fa the information for the Mahetosis, and Amin 52 Total HOOD M N 5 38 10 Cash 2. Prepare a schedule computing the cash contributed or cash withdrawn by each partner to bring the 34 Initial capital balances into the profit and low sharing to 35 WRITE YOUR SOLUTION IN THE SPACE PROVIDED BELOW. KLASE WOW YOU CALCULATION 36 SOLUTION 331 ENTRY REQUIRED BY SAM ENTRY REQUIRED BY ANY Dr. Accounts receivable u bulding and equipment Building and equipment 44 Allowance for badders 15 Accounts payable Accounts payable 46 45 49 50 51 2. I have tried the solution for her and the total the information for the Mahecosis and Amin 53 rol sharing 200 Now 15 54 Capitales > 455.000 55 Capital Balansretired using / sharing 91.000 > a her 91.500 ? > > > >Step by Step Solution
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