Please,just solve the Queestion BE12-10>>Iam up load for you 2 pic:the pic one is Question BE12-9MAYBE YOU NED IT.The pic 2 is the question I need the help. *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 paidby partnership assets.*BE12-10 Data pertaining to Pelmar Co. are presented in BE12-9. Instead of paymentfrom personal assets, assume that Fernetti receives $24,000 from partnership assets inwithdrawing from the firm. Journalize the withdrawal of Fernetti.(LO 4)

Answer BE12-10 Journal entry is the process of recording the business transactions in the books of…

*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.

*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.

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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Please,just solve the Queestion BE12-10>>Iam up load for you 2 pic:

the pic one is Question BE12-9MAYBE YOU NED IT.

The pic 2 is the question I need the help.

*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 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)

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