1 / 5

LESSON 23-1

LESSON 23-1. Forming a Partnership. 4. 4. INITIAL INVESTMENTS BY OWNERS. page 676. January 1. Received cash from partner, Sawyer Hess, as an initial investment, $15,000.00. Receipt No. 1.

vanna-wilkinson
Download Presentation

LESSON 23-1

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. LESSON 23-1 Forming a Partnership

  2. 4 4 INITIAL INVESTMENTS BY OWNERS page 676 January 1. Received cash from partner, Sawyer Hess, as an initial investment, $15,000.00. Receipt No. 1. January 1. Received cash, $10,000.00, and office equipment valued at $5,000.00, from partner, Kendra Sullivan, as an initial investment. Receipt No. 2. 1 2 3 5 1. Write the date. 4. Write the debit and credit amounts. 2. Write the account titles. 5. Write the debits to Cash. 3. Write the receipt numbers. LESSON 23-1

  3. WITHDRAWAL OF CASH BY PARTNER page 677 January 15. Kendra Sullivan, partner, withdrew cash for personal use, $500.00. Check No. 10. 1 2 3 4 5 1. Write the date. 2. Write the title of the account debited. 3. Write the check number. 4. Write the debit amount. 5. Write the credit amount. LESSON 23-1

  4. WITHDRAWAL OF MERCHANDISE BY PARTNER page 678 January 15. Sawyer Hess, partner, withdrew merchandise for personal use, $200.00. Memorandum No. 1. 2 3 4 1 5 6 1. Write the date. 4. Write the debit amount. 2. Write the account title. 5. Write the account title. 3. Write the memorandum number. 6. Write the credit amount. LESSON 23-1

  5. TERMS REVIEW page 679 • partnership • partner • partnership agreement LESSON 23-1

More Related