PLEASE SOLVE THIS QUESTION, IT CONSISTS OF PARTS (A), (B) AND (C). THANK YOU At...
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PLEASE SOLVE THIS QUESTION, IT CONSISTS OF PARTS (A), (B) AND (C). THANK YOU
At April 30, partners capital balances in DES Partners are Dexter $54,600, Emley $32,240, and Singh $29,760. The profit-sharing ratio is 5:3:2, respectively. On May 1, DESW Partners is formed by admitting Watson to the firm as a partner with 20% equity.
4 Accounts Payable Accounts Receivable Cash Dexter, Capital Dexter, Drawings Emley, Capital Emley, Drawings Income Summary No Entry Singh, Capital Singh, Drawings Watson, Capital Watson, Drawings the admission of Watson. (Credit account titles are automat try is required, select "No Entry" for the account titles and ente Debit Credit At April 30, partners' capital balances in DES Partners are Dexter $54,600, Emley $32,240, and Singh $29,760. The profit-sharing ratio is 5:3:2, respectively. On May 1 , DESW Partners is formed by admitting Watson to the firm as a partner with 20% equity. (a) Watson invests $29,150. Journalize the admission of Watson. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debi entry before credit entry. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) eTextbook and Media Save for Later Attempts: 0 of 5 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above. Watson invests $43,400. Journalize the admission of Watson. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) eTextbook and Media Save for Later Attempts: 0 of 5 used (c) The parts of this question must be completed in order. This part will be available when you complete the part above. Watson invests $12,400. Journalize the admission of Watson. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
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4 Accounts Payable Accounts Receivable Cash Dexter, Capital Dexter, Drawings Emley, Capital Emley, Drawings Income Summary No Entry Singh, Capital Singh, Drawings Watson, Capital Watson, Drawings the admission of Watson. (Credit account titles are automat try is required, select "No Entry" for the account titles and ente Debit Credit At April 30, partners' capital balances in DES Partners are Dexter $54,600, Emley $32,240, and Singh $29,760. The profit-sharing ratio is 5:3:2, respectively. On May 1 , DESW Partners is formed by admitting Watson to the firm as a partner with 20% equity. (a) Watson invests $29,150. Journalize the admission of Watson. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debi entry before credit entry. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) eTextbook and Media Save for Later Attempts: 0 of 5 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above. Watson invests $43,400. Journalize the admission of Watson. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) eTextbook and Media Save for Later Attempts: 0 of 5 used (c) The parts of this question must be completed in order. This part will be available when you complete the part above. Watson invests $12,400. Journalize the admission of Watson. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
