Business
Business, 04.01.2021 02:50, 21tywmeb

Hansel and Gretel decide to organize a partnership. Hansel invests $15,000 cash, and Gretel contributes $12,000 cash and equipment having a book value of $6,000 and a fair value of $9,000.

Choose the entry to record Gretel's investment in the partnership.

a. Cash 12,000
Gretel, Capital 12,000

b. Equipment 6,000
Gretel, Capital 6,000

c. Cash 12,000
Equipment 6,000
Gretel, Capital 18,000

d. Cash 12,000
Equipment 9,000
Gretel, Capital 21,000

answer
Answers: 1

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Hansel and Gretel decide to organize a partnership. Hansel invests $15,000 cash, and Gretel contribu...

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