Rashmi has her own online stationery business, creating greeting cards, thank-you cards, and invitations. When she makes several
new designs, she posts them on her website and asks all customers who visit the site to vote on the ones they like best. She also posts a blank card template and invites her customers to create their own designs. Based on customer feedback and designs, she decides which cards to produce and sell. This scenario best describes: __________
The solution to the following problem is done below.
Explanation:
a) Journalize the entries to record the admission of adam to the partnership.
Account Title DrCr
Kala, Capital 20,000
Adam, Capital 20,000
Cash 10,000
Kala, Capital 8,000
Leah, Capital 6,000
Adam, Capital 24,000
b) Immediately after adam's admission to the partnership, leah sells one-fourth of her interest to denton for $35,000. journalize the entry to record the transaction.
<span>Clarion should expect to recognize interest revenue on their CD both on December 31st 2015 and May 1st 2016. They will receive it in December thanks to end of your returns and then it will pay out its full amount 6 months from the purchase date which is on May 1st of 2016.</span>