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Jordon is admitted to a partnership with a 25% capital interest by a cash investment of $150,000. If total capital of the partnership is $650,000
Jordon is admitted to a partnership with a 25% capital interest by a cash investment of $150,000. If total capital of the partnership is $650,000 before admitting Jordon, the bonus to Jordon is O a $25,000 O b. $50,000 a $75,000 d. $100,000 On October 1, 2017, Dakota Company issued an $800,000, 10%, nine-month interest-bearing note. If the Dakota Company is preparing financial statements at December 31, 2017, the adjusting entry for accrued interest will include a: O a. Credit to Notes Payable of $20,000 O b. Credit to Interest Payable of $40,000 O c. Debit to Interest Expense of $30,000 O d. Debit to Interest Expense of $20,000
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