AutoSavet Chapter 12 Homework - Excel mika poche Home Insert Draw Page Layout Fo

Question

AutoSavet Chapter 12 Homework - Excel mika poche Home Insert Draw Page Layout Formulas Data ReviewViewHelp Tell me what you want to do I Share . .ATP General Conditional Formatting. LmInsert 12A A $. % , Format as Table . Delete , Find & Sort & Filter . Edi ing . . Cell Styles Format Select Clipboard Aligriment Nurnber Cells A1 HORNGREN'S ACCOUNTING 12th Edition Solution Manual S12- 8 Click to add data Requirements 1. Calculate Parker's capital in the new partnership 2. Journalize the partnership's receipt of cash from Parker Solutlon 10 Requirement 1 12 S12-1 S12-8 P12-30A Roady Page: 1 of 1 + 100% 01:48 PM 01/16/2018

Explanation / Answer

12-8) Calculate following :

Parker's capital = (297000+243000)*25% = $135000

Journal entry :

Date accounts & explanation debit credit Cash a/c 135000 Parker's capital a/c 135000 (To record cash for parker's capital)

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