Chat with us, powered by LiveChat 600?800 words + journal entriesTwo people are starting a small IT - Aqhomework

600?800 words + journal entriesTwo people are starting a small IT

600?800 words + journal entriesTwo people are starting a small IT firm. They come to you for advice on how to form a partnership. They have listed 2 scenarios and are asking you how to make journal entries for each one of the following transactions:Two partners, A and B, start a partnership.Partner A’s investment is the following:Cash: $20,000Inventory: $30,000Accounts payable: $50,000Computer equipment: $40,000Accumulated depreciation: $20,000Partner B’s investment is the following:Cash: $10,000Computer software: $20,000Two partners, Small and Big, form a partnership in which Small invested $40,000 and Big invested $60,000 for a total capital of $100,000. But Small devotes more time to the business and earns more from the firm. They have agreed to share the profits as follows:The first $20,000 is allocated on the partner’s capital balances.The next $30,000 is allocated based on service: Small gets $20,000, and Big gets $10,000.Any remaining profits are allocated equally.The partnership’s net income is $100,000.What is Small’s portion of the net income? What is Big’s portion of the net income? Make the entry for this allocation.

Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.

Do you need an answer to this or any other questions?

Do you need help with this question?

Get assignment help from Aqhomework.com Paper Writing Website and forget about your problems.

Aqhomework provides custom & cheap essay writing 100% original, plagiarism free essays, assignments & dissertations.

With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.

Click Order now to access our order form, fill your paper details correctly, select your paper deadline and wait for our writers to send a perfectly written assignment. 

Chat with us today! We are always waiting to answer all your questions.