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anonymous

  • one year ago

Laura’s investment in a new partnership includes $1,000 in cash and $5,000 of equipment. The new partnership is assuming $500 of Laura’s accounts payable. The partnership entry should be which of the following? A. Debit Laura’s Capital $5,500; debit Accounts Payable $500; credit Cash $1,000; credit Equipment $5,000 B. Debit Cash $1,000; debit Equipment $5,000; credit Laura’s Capital $6,000 C. Debit Cash $1,000; debit Equipment $5,000; credit Accounts Payable $500; credit Laura’s Capital $5,500 D. Debit Laura’s Investment $5,500; credit Capital $5,500

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  1. anonymous
    • one year ago
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    @TorilovesVampires

  2. anonymous
    • one year ago
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    omg i only have 10 mins and i have 10 questions left!!

  3. anonymous
    • one year ago
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    9 questions left!

  4. TorilovesVampires
    • one year ago
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    ok

  5. TorilovesVampires
    • one year ago
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    d

  6. anonymous
    • one year ago
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    i was thinking A

  7. anonymous
    • one year ago
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    but u sure?

  8. anonymous
    • one year ago
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    its A im pretty sure

  9. TorilovesVampires
    • one year ago
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    Try it and see

  10. anonymous
    • one year ago
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    rite?

  11. anonymous
    • one year ago
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    ok

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spraguer (Moderator)
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