An asterisk (*) will appear to the right of an incorrect entry.
Enter a zero in cells you would otherwise leave blank.
Dennis Ben Randy Total
Overton, Testerman, Campbell, Partnership
Capital Capital Capital Capital
Partnership capital, January 1, 2014
Admission of Randy Campbell
Salary allowance
Remaining income
Less: Partner withdrawals
Partnership capital, December 31, 2014
0%
[Key code here]
Exercise 12-16
Name:
Section:
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ANGEL INVESTOR ASSOCIATES
Statement of Partnership Equity
For the Year Ended December 31, 2014
Answers are entered in the cells with gray backgrounds.
Score:
Key Code:
Instructions
An asterisk (*) will appear to the right of an incorrect entry.
Enter a zero in cells you would otherwise leave blank.
Dennis Ben Randy Total
Overton, Testerman, Campbell, Partnership
Capital Capital Capital Capital
Partnership capital, January 1, 2014 180,000$ 120,000$ –$ 300,000$
Admission of Randy Campbell – – 75,000 75,000
For the Year Ended December 31, 2014
ANGEL INVESTOR ASSOCIATES
Statement of Partnership Equity
Cells with non-gray backgrounds are protected and cannot be edited.
Score:
Instructions
Answers are entered in the cells with gray backgrounds.
Exercise 12-16
Name:
Solution
Section:
ON