Question
K. Kolmer, C. Eidman, and C. Ryno share income on a 5:3:2 basis. They have capital balances of $34,000, $26,000, and $21,000, respectively. Don Jernigan
K. Kolmer, C. Eidman, and C. Ryno share income on a 5:3:2 basis. They have capital balances of $34,000, $26,000, and $21,000, respectively. Don Jernigan is admitted to the partnership by Purchase of 25% of Rynos equity for $12,000. The entry to record this admission includes a:
Select one: a. debit to C. Eidman, Capital 6500 b. debit to cash 12000 c. credit to D. Jernigan, Capital 12000 d. credit to D. Jernigan, Capital 5250
--------------- I do not want a detailed answer. I just want the final answer as soon as possible. Solve quickly I get you thumbs up directly Thank's Abdul-Rahim Taysir
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