Biercise 1273 Suzy Vonat has owned and operated a nroprietorship lor a number of years. On January 1, she decides to terminate this enterprise and bewme Three…
Suzy Vopat has owned and operated a proprietorship for a number of years. On January 1, she decides to terminate this enterprise and turn out to be a companion within the agency of Vopat and Sigma. Vopat’s funding within the partnership consists of $11,700 in money, and the next belongings of the proprietorship: accounts receivable $14,000 much less allowance for uncertain accounts of $2,200, and tools $20,300 much less collected depreciation of $four,400. It’s agreed that the allowance for uncertain accounts must be $Three,300 for the partnership. The truthful worth of the tools is $12,500
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Biercise 1273
Suzy Vonat has owned and operated a nroprietorship lor a number of years. On January 1, she decides to terminate this enterprise and bewme Three companion within the lirrn ofvopet and Sigma. Vopat’s funding within the partnership Donsisls if $11,700 in money, and [tie following assets pf the
proarieloiship: amounts receivable $14,000 la’s aiiuwanee rur dnuhtful aceuunis of $2,203, and equipment $20,311:] much less aecurnuiated depreciaiian nf $four,400. It’s agreed that Ihe aiiuwance rur dnuhtful accuunls shuuld be $Three,300 for the pamiersn The truthful worth ufthe tools is $12,500. Jeurnaiize Vopat’s adrni on tu me agency (if Vupat and sigma. (credit score mum titles are autmlafimfly indented when ammntis entered. Do nalindent manually.) Davie mmTfllesar-i Explanaholl Dem meiit
Jan. 1 v ‘ v v v v LIIIK I’D rm
