Question Details

(Solution) - Pelletier has 107 000 capital and Haymer has 55 000 capital in

Brief item decscription

Solution download


Item details:

Pelletier has $107,000 capital and Haymer has $55,000 capital in the Pelletier & Haymer partnership. Pelletier and Haymer share profits and losses equally. Todd Parker contributes cash of $54,000 to acquire a 1/4 interest in the new partnership.
Requirements
1. Calculate Parker's capital in the new partnership.
2. Journalize the partnership's receipt of the $54,000 from Parker.

 







About this question:
STATUS
Answered
QUALITY
Approved
ANSWER RATING

This question was answered on: Jul 11, 2017

PRICE: $15

Solution~000909528887.zip (18.37 KB)

Buy this answer for only: $15

Pay using PayPal (No PayPal account Required) or your credit card. All your purchases are securely protected by PayPal.
SiteLock

Need a similar solution fast, written anew from scratch? Place your own custom order

We have top-notch tutors who can help you with your essay at a reasonable cost and then you can simply use that essay as a template to build your own arguments. This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student. New solution orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

Order Now
v>