Ch14_e05 - General Journal Trans. Date Account Titles no....

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Fundamental Accounting Principles Student Name: Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: SPATS Exercise 14-5 Press F5, enter a cell reference, and click on <OK> to go to one of the following data entry areas: REPORT REFERENCEPRINT AREA Schedule M1 M6:Q30 General Journal V1 V6:Z30 Given Data AC1
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REPORT REFERENCE General Journal V1 Given Data AC1 0 0 SPATS Exercise 14-5 Ray Sauer and Bim Curtley Allocation Schedule Lisa Joel Totals
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REPORT REFERENCE Schedule M1 Given Data AC1 0 0 SPATS Exercise 14-5 Ray Sauer and Bim Curtley
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Unformatted text preview: General Journal Trans. Date Account Titles no. Debit Credit Given Data: Ray Sauer and Bim Curtley Plan to share net incomes and losses: Salary to Ray $65,000 Interest allowance based on 15% of beginning of year capital balance Any remaining balance in the ratio of 1:3 respectively Ray Sauer investment $20,000 Bim Curtley investment $100,000 Ray Sauer withdrawels $7,000 Bim Curtley withdrawels $24,000 Income Summary Balance $30,000 Credit...
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This note was uploaded on 08/22/2009 for the course ACCT 1202 taught by Professor Carmendima during the Winter '06 term at Niagara College.

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Ch14_e05 - General Journal Trans. Date Account Titles no....

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