From the question, we are told that as part of an initial investment, Jackson contributes accounts receivable that had a balance of $32,290 in the accounts of a sole proprietorship. Out of the amount, $1,367 is deemed completely worthless and for the remaining accounts, the partnership will establish a provision for possible future uncollectible accounts of $848.

The amount debited to accounts Receivable for the new partnership will be the difference between the account receivable balance and the amount that was deemed worthless. This will be:

= $32,290 - $1,367

= $30,923

Therefore, the amount debited to Accounts Receivable for the new partnership will be $30,923

3 0

3 years ago

Could someone help me

Natasha2012 [34]

The answer is A. ^^ hope that helps!

5 0

3 years ago

The following information was taken from the segmented income statement of Restin, Inc., and the company's three divisions:

Rainbow [258]

Answer:

d. $75,000

Explanation:

total Los Angeles Bay Area Central Valley

Revenues $750,000 $200,000 $235,000 $325,000

Variable exp. $410,000 $110,000 $120,000 $180,000

Controllable $210,000 $65,000 $75,000 $70,000

<u>fixed expenses </u>

controllable $130,000 $25,000 $40,000 <u>$75,000</u>

profit margin

Noncontrollable fixed expenses and common fixed expenses are not included in the calculation of individual controllable profit margin.

7 0

3 years ago

Please give me answer​

Please give me answer