Biercise 1273 Suzy Vonat has owned and operated a nroprietorship lor a variety of years. On January 1, she decides to terminate this enterprise and bewme Three…
Suzy Vopat has owned and operated a proprietorship for a variety of years. On January 1, she decides to terminate this enterprise and end up to be a companion inside the company of Vopat and Sigma. Vopat’s funding inside the partnership consists of $11,700 in cash, and the subsequent belongings of the proprietorship: accounts receivable $14,000 a lot much less allowance for unsure accounts of $2,200, and instruments $20,300 a lot much less collected depreciation of $4,400. It is agreed that the allowance for unsure accounts have to be $Three,300 for the partnership. The truthful price of the instruments is $12,500
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Biercise 1273
Suzy Vonat has owned and operated a nroprietorship lor a variety of years. On January 1, she decides to terminate this enterprise and bewme Three companion inside the lirrn ofvopet and Sigma. Vopat’s funding inside the partnership Donsisls if $11,700 in cash, and [tie following assets pf the
proarieloiship: amounts receivable $14,000 la’s aiiuwanee rur dnuhtful aceuunis of $2,203, and equipment $20,311:] a lot much less aecurnuiated depreciaiian nf $4,400. It is agreed that Ihe aiiuwance rur dnuhtful accuunls shuuld be $Three,300 for the pamiersn The truthful price ufthe instruments is $12,500. Jeurnaiize Vopat’s adrni on tu me company (if Vupat and sigma. (credit score rating 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
