This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1912 Excerpt: ...It is estimated that the assets will realize $3500 at the very outside after paying all expenses. On that basis effect a settlement and show what per cent will be paid to creditors. Show the entries for adjusting the matter, including the sale of assets and the final settlement. 3. Gray, Brown, and Green are partners, ...
Read More
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1912 Excerpt: ...It is estimated that the assets will realize $3500 at the very outside after paying all expenses. On that basis effect a settlement and show what per cent will be paid to creditors. Show the entries for adjusting the matter, including the sale of assets and the final settlement. 3. Gray, Brown, and Green are partners, sharing profits and losses equally. Their capital accounts as shown in the books at a given date are: On this date they decide to close the business and dissolve partnership. The firm has money borrowed from the partners as follows: Gray, $2000, Green, $3000. They sold all of the assets for $ 19500, and after paying all liabilities, except the loans from partners, they have $3600 left. How shall this be applied? Prepare accounts closing up the business and show how each partner's account stands. 4. You are appointed receiver of a small manufacturing company, which is to be wound up. You gather the following information from different sources: Mdse. on hand, $1900.00; Real Estate, $2000.00; Accts. Rec., $1200.00; Bills Rec., $1500.00; interest accrued on Bills Rec, $ 15.00; Office Furniture, $ 100.00; Bills Payable, $5000.00; Interest due on Bills Payable, $ 100.00; Mortgage on Real Estate, $900.00; Accts. Payable, $8000; Capital Stock subscribed, $ 10,000.00; of which there is paid up $7500. Find the Impairment of Capital, submit a trial balance of the ledger as at the time you receive the books, and open proper accounts in the ledger. Pass the following entries through your Journal: (a) Sold the goods at 60 on the dollar, cash. (6) Sold the Real Estate for $2400.00; purchaser assumes mortgage as part payment and gives his check for the balance. (c) Collected cash as follows: For unpaid stock, $2500.00; on Bills Receivable, $1200.00; on Intere...
Read Less
Add this copy of Bookkeeping and Accounting Exercises (Paperback Or to cart. $13.70, new condition, Sold by BargainBookStores rated 3.0 out of 5 stars, ships from Grand Rapids, MI, UNITED STATES, published 2018 by Franklin Classics Trade Press.
Add this copy of Bookkeeping and Accounting Exercises to cart. $15.26, like new condition, Sold by GreatBookPrices rated 4.0 out of 5 stars, ships from Columbia, MD, UNITED STATES, published 2022 by Legare Street Press.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
Fine. Trade paperback (US). Glued binding. 114 p. In Stock. 100% Money Back Guarantee. Brand New, Perfect Condition, allow 4-14 business days for standard shipping. To Alaska, Hawaii, U.S. protectorate, P.O. box, and APO/FPO addresses allow 4-28 business days for Standard shipping. No expedited shipping. All orders placed with expedited shipping will be cancelled. Over 3, 000, 000 happy customers.
Add this copy of Bookkeeping and Accounting Exercises to cart. $15.41, new condition, Sold by GreatBookPrices rated 4.0 out of 5 stars, ships from Columbia, MD, UNITED STATES, published 2022 by Legare Street Press.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
New. Trade paperback (US). Glued binding. 114 p. In Stock. 100% Money Back Guarantee. Brand New, Perfect Condition, allow 4-14 business days for standard shipping. To Alaska, Hawaii, U.S. protectorate, P.O. box, and APO/FPO addresses allow 4-28 business days for Standard shipping. No expedited shipping. All orders placed with expedited shipping will be cancelled. Over 3, 000, 000 happy customers.
Add this copy of Bookkeeping and Accounting Exercises to cart. $15.42, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2022 by Legare Street Press.
