1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
seropon [69]
3 years ago
14

The partners in the biz partnership have agreed that partner mandy may sell her $100,000 equity in the partnership to brittney,

for which brittney will pay mandy $85,000. Prepare the partnership's journal entry to record the sale of mandy's interest to brittney on september 30.
Business
1 answer:
Ivahew [28]3 years ago
3 0

Answer:

Mandy Capital                     A/c   Dr.  $100,000

Brittney Capital                  A/c    Cr.                     $100,000

Explanation:

Mandy selling $100,000 shares of assets, so we will report the transaction on the sale of stock by the amount of equity sold. Now, all parties will negotiate the price that one can sell to another for this equity valuation, which would be $85,000 in this case.

You might be interested in
Explain organizational culture and how it impacts individual and organizational performance.
kozerog [31]

The term "organizational culture" describes the long-standing beliefs and values of an organization, as well as the staff members' views and the anticipated value of their work, which will affect their attitudes and conduct.

<h3>How does organizational culture affect individual and organizational performance?</h3>

Employee outcomes including productivity, performance, dedication, self-confidence, and ethical behavior have been linked to company culture. One of the key factors influencing an organization's performance is its culture, which has an impact on how its employees behave at work.

The performance of a company is significantly influenced by organizational culture. Organizational culture is viewed as a means of accomplishing tasks or as shared traits of organizations influencing the actions of organizational members and enhancing (or impeding) strategy achievement and performance.

Learn more about organizational culture here:

brainly.com/question/13996722

#SPJ4

5 0
2 years ago
Overall, funding for pre-kindergarten programs has been ____.
Troyanec [42]

Answer:

underway is the answer I'm thinking

4 0
3 years ago
Read 2 more answers
The entry to record the issuance of a note receivable is ______. Multiple choice question. debit Notes Receivable and credit Cas
nlexa [21]

The entry to record the issuance of a note receivable is debit Notes Receivable and credit Cash.

<h3>What is Note Receivable ?</h3>

A note receivable is an asset account tied to an underlying promissory note, which details in writing the payment terms for a purchase between a “payee” (typically a company, and sometimes called a creditor) and the “maker” of the note (usually a customer or employee, and sometimes called a debtor).

The journal entry for interest on a note receivable is to debit the interest income account and credit the cash account.

Notes receivable are a balance sheet item that records the value of promissory notes that a business is owed and should receive payment for. A written promissory note gives the holder, or bearer, the right to receive the amount outlined in the legal agreement.

Learn more about  Note Receivable on:

brainly.com/question/13781634

#SPJ4

5 0
2 years ago
For most countries and most firms, the domestic country beta Multiple Choice can be no lower than its world beta. is normally mu
stira [4]

Answer:

Can be no lower than its world beta

Explanation:

For most countries and most firms, the domestic country beta c<u>an be no lower than its world beta.</u>

7 0
3 years ago
________ are companies that pool investments from individuals and organizations to purchase a portfolio of stocks, bonds, and ot
Radda [10]
D. Mutual funds

Explanation: A mutual fund is a company that pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt. The combined holdings of the mutual fund are known as its portfolio. Investors buy shares in mutual funds. Each share represents an investor’s part ownership in the fund and the income it generates.

:)
5 0
2 years ago
Read 2 more answers
Other questions:
  • How would the market for smartphones be affected if the government charged an excise tax of $5.00 on each smartphone sold? quest
    14·1 answer
  • _____ refers to an organization’s ability to ensure sufficient staffing levels to accomplish its work processes and successfully
    9·1 answer
  • IF YOU HELP ILL DO ANYTHING!! 20 POINTS AND BRAINLIEST!!
    7·2 answers
  • When a company uses the allowance method to measure bad​ debts, ________.
    12·1 answer
  • Corporate structure may be defined as
    14·1 answer
  • With respect to marketing planning, the type of plan that tends to be very detailed in nature and typically covers a year or les
    9·1 answer
  • Read the article "Organizational Characteristics and Use of Balanced Scorecard Measures in Executive Compensation" by Pollanen a
    10·1 answer
  • Before the Equal Employment Opportunity Commission can file a civil suit for a violation of the Civil Rights Act based on a clai
    9·1 answer
  • The consumer decision making process is comprised of these five steps: Need recognition, Environmental Scanning, Evaluation of a
    9·1 answer
  • Based on the current economic expansion (beginning in mid-2009), what percentage of earners are actually losing income?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!