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prepare a classified statement of financial position for the partnership (LIST CURRENT ASSETS IN REVERSE ORDER OF LIQUIDITY) Question 1 of 4 30 Date Account
prepare a classified statement of financial position for the partnership (LIST CURRENT ASSETS IN REVERSE ORDER OF LIQUIDITY)
Question 1 of 4 30 Date Account Titles and Explanation Debit Credit Jan 1 Cash 15100 Accounts Receivable 14500 Allowance for Doubtful Accounts 3700 Inventory 23000 Equipment 20500 Accumulated Depreciation Equipment 19700 Notes Payable 14800 18000 Accounts Payable (Transfer of Bon-Joon's assets and liabilities.) Jan 1 Cash 25400 Question 1 of 4 .../30 (Transfer of Bon Joon's assets and liabilities) Jan 1 Cash 25400 Acts Receivable 21000 Allowance for Doubtl Account 3300 Inventory 16 fruipment 12300 Acumulated Depreciation Equipment 9000 Toote 12300 Accounts Payable 25400 (Transfer of Joon-Ho assets and abilities.) SOLO /30 TY Prepare a classified statement of financial position for the partnership on January 1, 2020 List Current Alveronder of liquidity) BJH COMPANY Statement of Financial Position Jan 1, 2020 Assets AM - - TA Question 1 of 4 >> 30 Liabilities and Equity P D 0 Practice Set 04 Question 1 of 4 /30 The post.closire triances of two proprietorships on January 1, 2020 are presented below amounts in thousandal Bon-Joon Company Joon-Ho Company Di Cr. De CH Cash W11000 w9800 14 500 21000 w2500 w3.600 Accounts receivable Allowance for doubtful.com Inventory Equipment Accumulated depreciationment 15.100 21.500 37000 24.000 19,700 9000 14800 12300 Notes payable Accounts payable 18.000 25.000 Bon Joon, capital 29.000 Joon-Ho capital 19.000 W84000 W3000 W69.900 W69.900 Question 1 of 4 > Joon-Ho capital /30 E 1V AD W84.000 W34.000 W69.900 W69.900 Bon Joon and Joon-Ho decide to forma partnership BH Company with the followed upon valtion for cash Joon-Ho Company Bon-Joon Company W14.500 Accounts receivable W21000 Allowance for doubtful accounts 3.700 3.300 Inventory 23.000 16,400 Equipment 20,500 12.300 All cash will be transferred to the partnership, and the partnership will assume all the abilities of the two proprietorships. Further.it is agreed that Bon Joon will invest an additional W4 100 in cash and Joon-Ho will invest additional W15.600 inch (a) Step by Step Solution
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