Ch14_P06B - $27,500 $235,500 $55,000 Poppy Sweetbean Olive...

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Fundamental Accounting Principles Student Name: Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: SPATS Problem 14-6B 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:U83 Given Data AC1
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REPORT REFERENCE Schedule M1 Given Data AC1 0 0 SPATS Problem 14-6B Poppy, Sweetbean, and Olive Schedule Equipment Accounts Cash (net) Payable Account balances prior to liquidation $13,500 $237,600 $56,700 Acc. Amort. Cash Truck Truck Account balances prior to liquidation $27,500 $235,500 $55,000 Cash Equipment Equipment Account balances prior to liquidation $32,000 $151,000 $36,000 Acc. Amort.
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Cash Truck Truck Account balances prior to liquidation $27,500 $235,500 $55,000 Acc. Amort. Cash Truck Truck Account balances prior to liquidation
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Unformatted text preview: $27,500 $235,500 $55,000 Poppy Sweetbean Olive Capital Capital Capital $91,200 $60,000 $43,200 Accounts Pyle White Zin Payable Capital Capital Capital $52,150 $30,500 $80,350 $45,000 Capital Capital Capital $65,000 $48,000 $34,000 Accounts Pyle White Zin Payable Capital Capital Capital $52,150 $30,500 $80,350 $45,000 Accounts Pyle White Zin Payable Capital Capital Capital $52,150 $30,500 $80,350 $45,000 Given Data: Poppy, Sweetbean, and Olive Balance Sheet 15-Oct-05 Assets Cash $13,500 Equipment(net) 237,600 Total assets $251,100 Liabilities Accounts payable $56,700 Partners' Equity Ernie Poppy, capital $91,200 Lyn Swetbean, capital 60,000 Ned Olive 43,200 Total partners' equity 194,400 Total liabilities and partners' equity $251,100...
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Ch14_P06B - $27,500 $235,500 $55,000 Poppy Sweetbean Olive...

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