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Ch14_P01A - Trans Date Account Titles no Debit Credit Given...

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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
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REPORT REFERENCE Schedule M1 Given Data AC1 0 0 SPATS Problem 14-1A Carroll, Lee & Power Allocation Schedule Carrow Lee Power Totals a) b) c)
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REPORT REFERENCE General Journ V1 Given Data AC1 0 0 SPATS Problem 14-1A Carroll, Lee & Power General Journal
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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...
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