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a.
Mar. 1
1
2.
Current assets:
Cash
Accounts receivable
Less allowance for doubtful accounts
Merchandise inventory
Total current assets
Plant assets:
Equipment
Total assets
Current liabilities:
Accounts payable
Notes payable
Total liabilities
Assets
Liabilities
Partners’ Equity
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Key Code:
Instructions
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0%
[Key code here]
Problem 12-1A
Name:
Section:
KEENE AND MCKEE
Balance Sheet
March 1, 2014
Eric Keene, capital
Abigail McKee, capital
Total partners’ equity
Total liabilities and partners’ equity
3.
Feb. 28
28
Schedule: Keene McKee Total
Interest allowance
Salary allowance
Remaining income
Net income
An asterisk (*) will appear to the right of an incorrect entry.
Enter a zero in cells you would otherwise leave blank.
1.
Mar. 1 21,100
55,900
77,000
Instructions
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ON
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Problem 12-1A
Name:
Solution
Section:
Score:
Cash
Merchandise Inventory
Eric Keene, Capital
Equipment
Notes Payable
Abigail McKee, Capital
Accounts Payable
Cash
Accounts Receivable
Allowance for Doubtful Accounts
