Ch14_P03A - M55 Given Data AC1 SPATS Problem 14-3A IDC...

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Fundamental Accounting Principles Student Name: Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: SPATS Problem 14-3A 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:Q28 Statement - Partners' Equity M40 M45:T65 General Journal V1 V6:Z25 Given Data AC1
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REPORT REFERENCE Statement - Partners' Equity M40 General Journal V1 Given Data AC1 0 0 SPATS Problem 14-3A IDC PARTNERSHIP Allocation Schedule Iris Dolan Carrow Totals a) b) c) REPORT REFERENCE Schedule M1 General Journal V1 Given Data AC1 0 0 SPATS Problem 14-3A IDC PARTNERSHIP Statement of Changes in Partners' Equity For Year Ended December 31, 2002 Iris Dolan Carrow Total
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REPORT REFERENCE Schedule M1 Statement - Partners' Equity
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Unformatted text preview: M55 Given Data AC1 SPATS Problem 14-3A IDC PARTNERSHIP General Journal Trans. Date Account Titles no. Debit Credit Given Data: IDC PARTNERSHIP Iris contribution $245,000 Dolan contribution $280,000 Carrow contribution $175,000 Expected annual net income $390,000 Plans to share net incomes and losses: Plan A: Share equally Plan B: In ratio of initial contributions Plan C: Salary to Iris $95,000 Salary to Dolan $46,000 Salary to Carrow $60,000 Interest allowance on initial contributions 12% Balance shared equally Part 2 data: Net income earned $390,000 Iris's withdrawals $40,000 Dolan's withdrawals $30,000 Carrow's withdrawals $20,000...
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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_P03A - M55 Given Data AC1 SPATS Problem 14-3A IDC...

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