Ch14_P01A - Trans Date Account Titles no Debit Credit Given Data Carroll Lee& Power Carroll investment $66,400 Lee investment $58,100 Power

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Fundamental Accounting Principles Student Name: Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: SPATS Problem 14-1A 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:Q50 General Journal V1 V6:Z40 Given Data AC1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
REPORT REFERENCE Schedule M1 Given Data AC1 0 0 SPATS Problem 14-1A Allocation Schedule Carrow Lee Power Totals a) b) c)
Background image of page 2
REPORT REFERENCE General JournV1 Given Data AC1 0 0 SPATS Problem 14-1A General Journal
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Trans. Date Account Titles no. Debit Credit Given Data: Carroll, Lee & Power Carroll investment $66,400 Lee investment $58,100 Power investment $41,500 Annual net income $175,000 Plans to share net incomes and losses: Plan A: No special agreement on method of sharing income Plan B: In ratio of beginning investments Plan C: Salary to Carroll $52,000 Salary to Lee $58,000 Salary to Power $45,000 Interest allowance on initial contributions 10% Balance shared equally...
View Full Document

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.

Page1 / 4

Ch14_P01A - Trans Date Account Titles no Debit Credit Given Data Carroll Lee& Power Carroll investment $66,400 Lee investment $58,100 Power

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online