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pls show all calculation tx On November 15 of the current year, the account balances in Orlole Partnership were Cash $8.650 Land $19.000D Dupuis Capital
pls show all calculation tx
On November 15 of the current year, the account balances in Orlole Partnership were Cash $8.650 Land $19.000D Dupuis Capital $12.800; V. Dueck. Capital $10,400 and B Veltch. Capital $4.450. The three partners share profit and losses equally. The land was sold for $22.600 cash Your answer is correct Prepare the journal entry to record the sale of the land. (Credit account titles are automatically Indented when the amount is entered Do norindent manually Debit Credit 22.600 Date Account Titles and Explanation Nov. 15 Cash Gain on Realization Land To record realization of assets. 3600 19.000 eTextbook and Media - Your answer is partially correct. Prepare the journal entry to distribute anty resulting gain ar loss to the capital accounts. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Debit Credit 1200 1200 Date Account Titles and Explanation Nov 15 B. Veitch, Capital V.Dueck, Capital D. Dupuls, Capital Gain on Realization (To allocate gain on realization.] 3600 eTextbook and Media - Your answer is partially correct. Prepare the journal entry to record the final distribution of cash to the partners. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Nov. 15 V. Duod Capital : D. Dupuis, Capital B. Veltch. Capital Cash To record final distribution to partners.) 2883 2863 2883 8,650Step by Step Solution
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