Explanation:
by investing
make a calendar for the goals to be achieved
I know it said from the site and I don’t see a web address so maybe I can give you a few examples and you can go from there:
1. Work place
2. Home
3. School
Answer:
The journal entry is as follows:
Cash A/c Dr. $18,000
Equipment (Fair value) A/c Dr. $9,000
To N's capital $27,000
(To record the investment bought by Nichols)
Workings:
Cash contributed by Nichols = $18,000
Equipment's Book value = $6,300
Fair value of equipment = $9000
Nichols capital = $18,000 + $9,000
= $27,000
Answer:
Debit Delivery truck for $36,000
Debit Machinery acccumulated depreciatio for $11,000
Credit Machinery for $35,000
Credit Cash for $5,000
Credit Gains on disposal of Machinery for $7,000
Explanation:
The entries will be as follows in the book of Haley's Hamburger's
<u>Details Dr ($) Cr ($)</u>
Delivery truck 36,000
Accumulated dep. - Machinery 11,000
Machinery 35,000
Cash 5,000
Gains on disposal of Machinery 7,000
<em><u>To record an exchange of some long-term assets with Barry's Burgerlicious.</u></em>
What is a 'Closely Held Corporation<span>' A </span>closely held corporation<span> is any company that has only a limited number of shareholders; its stock is publicly traded on occasion but not on a regular basis. These entities differ from privately owned firms that issue stock that is not publicly traded.
Hope this helps!
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