StudentShare solutions

# HW12 - Math Problem Example

Only on StudentShare

## Extract of sampleHW12

Prepare the journal entry to record the allocation of net income. (List multiple debit/credit entries in descending order of amount.)
Assume the partnership income-sharing agreement calls for income to be divided with a salary of \$30,000 to Guillen and \$25,000 to Williams, with the remainder divided 45% to Guillen and 55% to Williams. Prepare the journal entry to record the allocation of net income. (List multiple debit/credit entries in descending order of amount.)
Assume the partnership income-sharing agreement calls for income to be divided with a salary of \$40,000 to Guillen and \$35,000 to Williams, interest of 10% on beginning capital, and the remainder divided 50%-50%. Prepare the journal entry to record the allocation of net income. (List multiple debit/credit entries in descending order of amount.)
The Best Company at December 31 has cash \$20,000, noncash assets \$100,000, liabilities \$55,000, and the following capital balances: Rodriguez \$45,000 and Escobedo \$20,000. The firm is liquidated, and \$110,000 in cash is received for the noncash assets. Rodriguez and Escobedo income ratios are 60% and 40%, respectively.
The Best Company at December 31 has cash \$20,000, noncash assets \$100,000, liabilities \$55,000, and the following capital balances: Rodriguez \$45,000 and E ...Show more

## Summary

F. Calvert and G. Powers have capital balances on January 1 of \$50,000 and \$40,000, respectively. The partnership income-sharing agreement provides for (1) annual salaries of \$20,000 for Calvert and \$12,000 for Powers, (2) interest at 10% on beginning capital balances, and (3) remaining income or loss to be shared 60% by Calvert and 40% by Powers.
Author : rschinner
Save Your Time for More Important Things
Let us write or edit the math problem on your topic
"HW12"
with a personal 20% discount.
Grab the best paper

### Related Essays

The Influence of Youth Gangs
The severity of the violence has escalated and worked its way down through the younger age groups, as court decisions to bypass the traditional juvenile justice system have become more commonplace. Children as young as twelve have routinely made a pre-mediated choice to engage in the act of murder, the most deviant act of crime that a person can commit under our current system of law.
6 pages (1500 words) Essay
Moral Decisions Essay
According to the Wagner Dictionary, morality means a code of conduct held to be authoritative in matters of right and wrong, whether by society, philosophy, religion, or individual conscience. Our "reason" is oftentimes influenced by what we were taught as right or wrong, good or bad.
2 pages (500 words) Essay
Employment Laq
Once a charge is filed with the Equal Employment Opportunity Commission (EEOC), the federal administrative agency which interprets and enforces Title VII of the Civil Rights Act of 1964, the EEOC has ten days within which to serve the charge upon the charged party.
3 pages (750 words) Essay
Crime Seriousness Survey
People from different fields, whether it is field of education, politics or some other field, have taken keen interest in determining the seriousness of crimes. These surveys have focused on determining the awareness of crime in general public. In this way they have been able to understand the psychology of different people in society about crime.
4 pages (1000 words) Essay
Emerging New HR Concepts
There are two sides for the growth story. On the one hand there are immense pressure from investors, share holders and management to increase profitability and productivity. On the other hand open competition and high bargaining power of customers and markets are squeezing margins of the companies.
10 pages (2500 words) Essay
Law/Tort Law
In its most enlarged sense, it includes all kinds of crimes and misdemeanors; including injury caused by the other. They are punishable by imposing a small fine or short imprisonment, depending on the intensity of the case (The 'Lectric Law Library's Lexicon on Delict, www.lectlaw.com)2.
4 pages (1000 words) Essay
European Studies 2
This seems to be not the case, however, as shown by countless leaders who fell from grace although they exhibit the characteristics so described. This paper attempts to explain why and in the process discusses the qualities and characteristics that make a good leader, based on the views of Machiavelli, which seem to do violence on the popular concept of leadership.
5 pages (1250 words) Essay
Personal Dilemma
Workers were all grumbling about her unusual strictness since the company followed a very relaxed culture in other departments. In fact there
2 pages (500 words) Essay
HW12/ Human resource
No. It does not appear to have any relevance at all. This case does not appear to revolve around the concept of discrimination. However, as explained in the above answer, Donald
1 pages (250 words) Assignment
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger