If TLM receives a 30

If TLM receives a 30 - EAM Capital 50,000 Total Existing...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
If TLM receives a 30% interest for his $30,000 investment, TLM's capital account would be credited  for $45,000. Existing Capital MJM, Capital $ 70,000
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: EAM, Capital 50,000 Total Existing Capital 120,000 Add: TLM Investment 30,000 New Capital Balance 150,000 TLM Ownership % × 30 % TLM, Capital $ 45,000...
View Full Document

This note was uploaded on 11/15/2011 for the course ACCT 2310 taught by Professor Staff during the Spring '09 term at Texas State.

Ask a homework question - tutors are online