Manuel and Jones operate a partnership with beginning-year capital balances of $50,000 each. During the year, Santiago joins the partnership by investing $20,000 cash. The journal entry to record Santiago's contribution would include a credit of how much and to wh

Complete Question:

Manuel and Jones operate a partnership with beginning-year capital balances of $50,000 each. During the year, Santiago joins the partnership by investing $20,000 cash. The journal entry to record Santiago's contribution would include a credit of how much and to which account?

The journal entry would include a credit of $20,000 to Santiago's account

Explanation:

A partnership is a company that is owned by two or more people. These partners contribute the capitals for starting the business and direct the affairs of the business together.

Journal entry helps to keep record of business transactions. The journal entry shows the credit and debit balances of the firm.

Since Santiago is a new member investing a cash of $20,000 and there must be a proper record of the amount invested by each partner to the company, the journal entry would include a credit of $20,000 to Santiago's account

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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