Nathan owns the Kavanan Bakeshop that has the following post-closing trial balance on December 31 2021 Kavanah Bakeshop Post-Closing Trial Balance December 31, 2021 Cash 38,000 Accounts Receivable 5.000 Baking Supplies 22,000 Baking Equipment 500,000 Acoumulated Depreciation 200,000 Accounts Payable 100,000 Nathan Capital 265.000 Totals 565000 565,000 On January 2 2022. Nathan thought of expanding the business to include a cale. He needed additional investment so he invited his friend Dwayne to be his business partner Dwayneis to invest cash for a 50% equity in the partnership after alvind consideration to the following adjustments in the books of Nathan 1 Baking Equipment has an appraised value of 50% of its cost 2. Accounts Receivables are estimated to be 80% realizable. 3. Unused building rental amounts to P36.000 The journal entry to record revaluation includes.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Nathan owns the Kavanan Bakeshop that has the following post-closing trial balance on December 31 2021 Kavanah Bakeshop Post-Closing Trial Balance December 31, 2021
Cash 38,000 Accounts Receivable 5.000 Baking Supplies 22,000 Baking Equipment 500,000 Acoumulated Depreciation 200,000 Accounts Payable 100,000 Nathan Capital 265.000 Totals 565000 565,000
On January 2 2022. Nathan thought of expanding the business to include a cale. He needed additional investment so he invited his friend Dwayne to be his business partner Dwayneis to invest cash for a 50% equity in the partnership after alvind consideration to the following adjustments in the books of Nathan 1 Baking Equipment has an appraised value of 50% of its cost 2. Accounts Receivables are estimated to be 80% realizable. 3. Unused building rental amounts to P36.000 The journal entry to record revaluation includes.

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