Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jinahi and Hamza enter into an agreement to organize a partnership business. Hartza brought cash BD 65.000 as an initiativement in business. Jinah initial brought

image text in transcribed
Jinahi and Hamza enter into an agreement to organize a partnership business. Hartza brought cash BD 65.000 as an initiativement in business. Jinah initial brought cash BD 55,000 and Machinery BD 65,000 and a note payable of BD 20,000 Which one of the following will be the correct entry to record jinahi investment? O A. Cash 55,000 Machinery 65,000 Notes payable 20,000 Jinahi capital 100,000 B. Cash 55,000 Machinery 65,000 Notes payable 20,000 Jinahi capital 140,000 O C. Cash 65,000 Machinery 55,000 Notes payable 20,000 Jinahi capital 100,000 D. No entry Save and Submit to save and submit. Click Save All Answers to save all answers. DES

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Forensic And Investigative Accounting

Authors: D. Larry Crumbley, Lester E. Heitger, G. Stevenson Smith

6th Edition

0808034871, 9780808034872

More Books

Students also viewed these Accounting questions