Ch14_P01B - Trans. Date Account Titles no. Debit Credit...

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Fundamental Accounting Principles Student Name: Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: SPATS Problem 14-1B 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 14-1B Jones, Rodgers and Jackson Allocation Schedule Iris Dolan Carrow Totals a) b) c)
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REPORT REFERENCE General JournV1 Given Data AC1 0 0 SPATS Problem 14-1B Jones, Rodgers and Jackson General Journal
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Unformatted text preview: Trans. Date Account Titles no. Debit Credit Given Data: Jones, Rodgers and Jackson Jones investment $92,000 Rodgers investment $74,800 Jackson investment $52,800 Annual net income $135,000 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 Jones $75,000 Salary to Rodgers $40,500 Salary to Jackson $45,500 Interest allowance on initial contributions 10% Balance shared equally...
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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_P01B - Trans. Date Account Titles no. Debit Credit...

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