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    cberg790's Avatar
    cberg790 Posts: 6, Reputation: 1
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    #1

    Feb 27, 2011, 04:22 PM
    Admission of a partner
    I can't understand how to do this question... please help

    Zeller, ackler, and benton are partners with capital balances as follows: Zeller, $168,000; Ackler, $138,000; and Benton, $294,000. Partners share incomes and losses in a 3:2:5 ratio. Dent is admitted to the partnership on May 1, 2011, with a 25% equity. Prepare general journal entries to record the entry of Dent into the partnership under each of the following unrealated assumptions

    a. Dent invests $200,000
    b. Dent invests $145,000
    c. Dent invests $262,000
    kcomissiong's Avatar
    kcomissiong Posts: 1,166, Reputation: 276
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    #2

    Mar 18, 2011, 07:27 AM
    What have you tried... we can offer assistance of guidance when you show work and can't figure it out... we can't answer the question for you.
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