Jamie and James have decided to form a Partnership together.
Jamie has the following accounts:
Accounts Payable $28.000, Notes Payable $12.850, withdrawals S 6,300. Cash S 44,440, Merchandise
Inventory $ 66,700.
James has the following accounts:
Accounts receivable $ 35,000, Notes Payable $ 9.000. Stock $ 35,000, loan 60,800, overdraft $12,000,
Land 120, 500, cash $ 10,000
Instructions: Calculate each Person's Capital Accounts
Answers: 3
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Jamie and James have decided to form a Partnership together.
Jamie has the following accounts:
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