OW21 Onlin teachin xN2 | Online teachingesource from Cengag...w.comeBookCashInventoryLandNotes PayabletMain.do?invoker=&takeAssignmentSession Locator=&inprogress=falseVXi Lin, CapitalFeedbackpsPanthère de Cartier...✓Show Me HowJournalizing Partner's Original Investmentassumed a $57,000 note payable owed by Lin that was used originally to purchase the land.Xi Lin contributed land, inventory, and $35,000 cash to a partnership. The land had a book value of $79,000 and a market value of $152,000. The inventory had a book value of $53,100 and a market value of $48,900. The partnership alsoRequired:Provide the journal entry for Lin's contribution to the partnership. If an amount box does not require an entry, leave it blank.35,00053,100 X152,00048,900X79,000 X57,000Pink Playful Femini...Check My Work 5 more Check My Work uses remaining.&MXCheck My WorkRecord the assets at their current values, and record the liability at its current value. Lin's Capital account will be the balancing item for the entry.Print ItemYEWDELLT44Email Instructor Save and ExitGGR68°F ClearNextSubmit Assignment for Grading9:41 PM8/31/20231DwwwOther bookmarksCHIPS~100% WHOLEGRAIN~LS3

ADMISSION OF PARTNERPartners of a continuing business may, by common consent, decide to admit a new…

$35,000 cash to a partnership. The land had a book value of $79,000 and a market value of $152,000. The inventory had a book value of $53,100 and a market value of $48,900. The partnership also assumed a $57,000 note payable owed by Lin that was used originally to purchase the land. Required: Provide the journal entry for Lin's contribution to the partnership. If an amount box does not require an entry, leave it blank. Cash 35.000 ✓ V Inventory Land✔ Notes Payable X Lin, Capital Feedback V ✓ 53,100 X 152.000 ✔ 48.900 X 79,000 X $7,000 Check My Work Record the assets at their current values, and record the liability at its current value. Lin's Capital account will be the balancing item for the entry.

$35,000 cash to a partnership. The land had a book value of $79,000 and a market value of $152,000. The inventory had a book value of $53,100 and a market value of $48,900. The partnership also assumed a $57,000 note payable owed by Lin that was used originally to purchase the land. Required: Provide the journal entry for Lin's contribution to the partnership. If an amount box does not require an entry, leave it blank. Cash 35.000 ✓ V Inventory Land✔ Notes Payable X Lin, Capital Feedback V ✓ 53,100 X 152.000 ✔ 48.900 X 79,000 X $7,000 Check My Work Record the assets at their current values, and record the liability at its current value. Lin's Capital account will be the balancing item for the entry.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

: Investing are-delivery/ua/49002441/774597733/aHROcHM6Ly9mMi5hcHAuZWRtZW50dWOuY29tL2xlYXJuZXItdWkvc2Vjb25kYxJ5L3VzZXItYXNzaWdub... Unit Activity: Investing ietthe.corein answer in each box, If necessary, round the answers to the near en 5 of 7 One week from today, the stock is predicted to close at $ 65.73 One month from today, the stock is predicted to close at $ 66.33 One year from today, the stock is predicted to close at $ 76.58 Question 2 Do you think the model is a good predictor of the future closing price of the stock? Justify your response in three to four sentences. X ¿X ñ I 田图=三 = 3 =:ヘマ^マ Characters used: 0 /15000 Exit session L
NWP Assessment Builder UI App x w NWP Adaptive Assessment Playe X O WileyPLUS: Personal Finance, Enl x+ ôhttps://education.wiley.com/was/ui/v2/adaptive-assessment-player/index.html?launchld=D005b88a2-9bff-4b68-a4dd-b326ecc9384e#/ac.. actice [due Sat] 6.4 Mortgage Financing Jessica's mortgage payment, including principal, interest, taxes, and insurance, is $750 per month. She also has other monthly debt payments of $440. If her monthly gross income is $3,950. How would a bank assess Jessica's capacity to take on an additional credit card? O Asset ratio O Debt payment ratio O Debt ratio O Mortgage debt service ratio Save for Later Submit Answer
education.wiley.com/was/ui/v2/assessment-player/index.html?launchid=81efd2b2-d564-4eeb-b011-67c54ee7e2bb#/question/16 Ch12 Homework Question 17 of 20 > 0/1 View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect. Elkins and Landry are partners who share income and losses in the ratio of 3:2, respectively. On August 31, their capital balances were: Elkins, $149000 and Landry, $116000. On that date, they agree to admit Neumark as a partner with a one-third capital interest. If Neumark invests $98000 in the partnership, what is Landry's capital balance after Neumark's admittance? O $121000 O $104800 O $116000 O $106800 eTextbook and Media Attempte: 1 of 2uced VO 10:27 !!
What do think Ir the reason why you there many depreci ation erty. ecep ted and equip ment? method gene rally accep ted in accoun fina for $0p $ lant
Session Ex X Programs Public Admi X G public admin X how much d X Bb Pearson's M X My Questior X Bb] Cengage-/ X CengageNO X + engagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%3Dfalse Q ☆ YouTube Maps GE News Translate O Q Moral Choices Tes... CengageNOWv2 |... Bb Home Page PSY... 8.5" x 14" Tri-fold... eBook Show Me How Service Department Charges In divisional income statements prepared for LeFevre Company, the Payroll Department costs are charged back to user divisions on the basis of the number of payroll distributions, and the Purchasing Department costs are charged back on the basis of the number of purchase requisitions. The Payroll Department had expenses of $75,400 and the Purchasing Department had expenses of $42,000 for the year. The following annual data for Residential, Commercial, and Government Contract divisions were obtained from corporate records: Government Residential Commercial Contract Sales $1,000,000…
paads ssaan neready.frameworkhomeownership.org/Student/MyCourse.aspx?id%3Dfbd93f8d-8ac9-466a-ac3f-28d560154a88 4. Finding the Right Home DFinding the Right Home indi Caps Lock is on Question 4 of 8 When you have an exclusive contract with a real estate agent, you can Select the best answer. still work with other agents, as long as you disclose that you're doing it O work with only the seller's broker for 30 days Owork with only buyer's brokers Be Ho O work with only that agent 3 TOPICS o search 77'E R
ngageNOWv2 | Online teachin x = Ch. 12 Key Terms - Principles of A X takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Cancel Your... F Startup Opportuniti. V How brands are co.. Assignment Practic... COVID-19 Student.. C20-128PR01-2016... O Final Exam Review Eli Inc. issued $110,000 of 10% annual, 4-year bonds for $112,800. What is the total amount of interest expense over the life of the bonds?
Calendar tUntitled spre X M Delta schola x Maryland Cc x Login | Exe X 9 JPMorgan C X CengageNO x D Vlog: HANG X /takeAssignment/takeAssignmentMain.do?invoker%-D&takeAssignmentSessionLocator=&inprogress%3Dfalse Updat h NDR Southern Style Ba... yb Exercises to Get R... Q . (2g net carb!) Glu... Ultra Plush Revers... Shop | alilscribble family Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication and Assembly. Data for the products and departments are listed below. Number of Direct Labor Hours Machine Hours Product Units Per Unit Per Unit Blinks 972 4 4 Dinks 1,877 6. All of the machine hours take place in the Fabrication department, which has an estimated overhead of $114,400. All of the labor hours take place in the Assembly department, which has an estimated total overhead of $94,200. Ramapo Company uses a single plantwide overhead rate to apply all factory overhead costs based on direct labor hours. The factory overhead…
earning Hub its itslearning G Select all that apply to x O Business Chapter 8 Fla x G Rent-to-own A wayne.itslearning.com/ContentArea/ContentArea.aspx?LocationID=D47229&LocationType=1&ElementID=1468926 okmarks ts e pa M 9 SC 4 R Home 田 Select all that apply to a saving account Your answer: emergency fund community stock owned by family members Lower amount of risk lower rate of return
ssignment/takeAssignmentMain.do?invoker%=&takeAssignmentSessionLocator38inprogress3Dfalse CardPointe ONew Tab UTA Is The Leader I.... Commercial Captur... UPS-Shipping ups Search for Corporat... |国 Determine the amount to be paid by the buyer for full settlement of each invoice, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. Merchandise Transportation Paid by Seller Transportation Terms Returns and Allowances (a) $7,600 $202 FOB Shipping Point, 1/10, net 30 $800 (b) $7,500 $62 FOB Destination, 2/10, net 45 $1,700 a. b. Previous Next Email Instruct + %24 %24
PROGRAMS SELF DEVELOPMENT E-LIBRARY 8. 6. 10 11 12 13 14 15 16 Your company wants to invest JD 10,000,000 in network, taking into consideration the below table Investment 10,000,000.00 Lifetime Annual Revenues in Yearl 2,000,000.00 2% Annual decline in revenues from Y2 30% Direct Cost % of revenues 15% OPEX % of revenues 7% Interest Discount rate/fWACC) CO
DZL. 7-2 Project: Company Accour X D21. 7-1 Problem Set: Module Sev X CengageNOWv2 | Online tea x Cengage Learning + x ngagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress3false 电手 eBook Show Me How Common Stockholders' Profitability Analysis A company reports the following: Net income $125,000 Preferred dividends 000 976,563 Average stockholders' equity Average common stockholders' equity 588,235 Determine (a) the return on stockholders' equity and (b) the return on common stockholders' equity. If required, round your answers to one decimal place. a. Return on Stockholders' Equity 0.2 X % b. Return on Common Stockholders' Equity % V Check My VWork a. Divide net income by average stockholders' equity. b. Divide net income minus preferred dividends by average common stockholders equity Check My Work ( Previous Next 3:00 PM 4/11/2022 dy 114