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Task 2 . 1 : L . Ong owns a boat rental business with $ 3 3 0 0 0 in cash and boats with

"Task 2.1: L. Ong owns a boat rental business with $33000 in cash and boats with a book value of
$120000. She decides to enter a partnership with B. Cooper, who has only $2000 cash but also owns lakefront docks and land with a book value of $370000. After some friendly negotiations, they agree that the fair market value of the boats is $105000; the docks have a fair market value of $20000 and the land has a fair market value of $390000. Record the general journal entry to establish the partnership on July 1." "Task 2.2: On August 1, Joan Taylor and Tom Maid are partners in The Taylor Maid Company. They have capital balances of $30000 and $20000 respectively, and have an income ratio of 60% and 40%. Record journal entries for each of the independent situations below about the admission of a new partner:
a) Jim Zucher agrees to purchase half of Taylor's equity for $18000.
b) Barry Thompson agrees to purchase all of Maid's equity for $17000.
c) Gary Malley invests $5000 cash and equipment with a fair market value of $9000 in the business." Task 2.3: Mann, Haney and Young are partners. Haney, who has a capital balance of $140000, has decided to retire. On February 1, Mann offers Haney $137000 for his equity, and Haney accepts. Record the entry to record Haney's departure. "Task 2.4: Orr, Hamilton and Talbot are partners with capital balances of $50000, $60000 and $90000, respectively. They have an income ratio of 3:4:5. On October 1, Orr decides to leave the partnership. Show the entry to record Orr's departure under the following assumptions:
a) Hamilton and Talbot each pay $30000 of their personal funds to Orr and receive 50% of his equity.
b) Talbot pays $45000 for all of Orr's equity." can you please help im getting diffeent answers from chegg
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