9:4€ Journalize admission by investment. *BE12-8 In Eastwood Co., capital balances are Irey $40,000 and Pedigo $50,000. The part- ners share income equally. Vernon is admitted to the firm with a 45% interest by an invest- ment of cash of $58,000. Journalize the admission of Vernon. (LO 4) *BE12-9 Capital balances in Pelmar Co. are Lango $40,000, Oslo $30,000, and Fernetti $20,000. Lango and Oslo each agree to pay Fernetti $12,000 from their personal assets. Lango and Oslo each receive 50% of Fernetti's equity. The partners share income equally. Journalize the withdrawal of Fernetti. Journalize withdrawal paid by personal assets. (LO 4) Journalize withdrawal paid by partnership assets. *BE12-10 Data pertaining to Pelmar Co. are presented in BE12-9. Instead of payment from personal assets, assume that Fernetti receives $24,000 from partnership assets in withdrawing from the firm. Journalize the withdrawal of Fernetti. (LO 4) العدسة مشاركة II >

9:4€ Journalize admission by investment. BE12-8 In Eastwood Co., capital balances are Irey $40,000 and Pedigo $50,000. The part- ners share income equally. Vernon is admitted to the firm with a 45% interest by an invest- ment of cash of $58,000. Journalize the admission of Vernon. (LO 4) BE12-9 Capital balances in Pelmar Co. are Lango $40,000, Oslo $30,000, and Fernetti $20,000. Lango and Oslo each agree to pay Fernetti $12,000 from their personal assets. Lango and Oslo each receive 50% of Fernetti's equity. The partners share income equally. Journalize the withdrawal of Fernetti. Journalize withdrawal paid by personal assets. (LO 4) Journalize withdrawal paid by partnership assets. *BE12-10 Data pertaining to Pelmar Co. are presented in BE12-9. Instead of payment from personal assets, assume that Fernetti receives $24,000 from partnership assets in withdrawing from the firm. Journalize the withdrawal of Fernetti. (LO 4) العدسة مشاركة II >

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

حل السؤال

B12_10

B12_9

9:4€
Journalize admission by
investment.
*BE12-8 In Eastwood Co., capital balances are Irey $40,000 and Pedigo $50,000. The part-
ners share income equally. Vernon is admitted to the firm with a 45% interest by an invest-
ment of cash of $58,000. Journalize the admission of Vernon.
(LO 4)
*BE12-9 Capital balances in Pelmar Co. are Lango $40,000, Oslo $30,000, and Fernetti
$20,000. Lango and Oslo each agree to pay Fernetti $12,000 from their personal assets.
Lango and Oslo each receive 50% of Fernetti's equity. The partners share income equally.
Journalize the withdrawal of Fernetti.
Journalize withdrawal paid
by personal assets.
(LO 4)
Journalize withdrawal paid
by partnership assets.
*BE12-10 Data pertaining to Pelmar Co. are presented in BE12-9. Instead of payment
from personal assets, assume that Fernetti receives $24,000 from partnership assets in
withdrawing from the firm. Journalize the withdrawal of Fernetti.
(LO 4)
العدسة
مشاركة
II
>

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