The distance plus partnership has the following capital balances at the beginning of the current year: tiger (50% of profits and losses) $ 130,000 phil (40%) 100,000 ernie (10%) 115,000 each of the following questions should be viewed independently. if sergio invests $150,000 in cash in the business for a 25 percent interest, what journal entry is recorded? assume that the bonus method is used. if sergio invests $100,000 in cash in the business for a 25 percent interest, what journal entry is recorded? assume that the bonus method is used. if sergio invests $125,000 in cash in the business for a 25 percent interest, what journal entry is recorded? assume that the goodwill method is used.

On april 1, the cash account balance was $46,220. during april, cash receipts totaled $248,600 and the april 30 balance was $56,770. determine the cash payments made during april.

Which of the following is a characteristic that can be used to guide the design of service systems? a. services cannot be inventoried. b. services are all similar. c. quality work means quality service. d. services businesses are inherently entrepreneurial. e. even service businesses have internal services.

Jason started last week with $900 in his checking account. during the week, he wrote the checks below. at the end of the week, jason received a paycheck for $534.59. he recorded all of these transactions in his check register. trans typ./ check no. date description of transaction payment/ debit deposit/ credit (+) balance 900 00 241 12/4 miller's food market 53.21 53 21 groceries 846 79 242 12/7 frank's auto parts 24.05 24 05 oil and filter 822 74 243 12/8 mike's barber shop 15.00 15 00 haircut 807 74 deposit 12/9 paycheck 534.59 534 59 1,342 33 evaluate jason's check register. a. jason did a good job; everything is correct. b. the final balance is wrong; jason did not add everything correctly. c. jason should have written debit instead of deposit for the transaction type. d. jason entered the amount for his paycheck in the wrong column.