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Hello everyone!
Can anyone help me pls ? Thank you
Newton is a one-third owner of ProRite Partnership. Newton has decided to sell his interest in
the business to Betty for $67,000 cash plus the assumption of his share of ProRite
Solution
answer..
note..
please provide question in proper formet in further
partenars capital
accounts
Particular
New
ton
Barbara Liz Particular
New
ton
Barbara Liz
liablity 20000 20000 20000 by balance b/d 55833 55834 55833
by profit on
revaluation
15980 15980 15980
to balance 82813 82814 82813 by cash 31000 31000 31000
102813 102814 102813 102813 102814 102813
Hello everyone! Can anyone help me pls - Thank you Newton is a one-thi.docx

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Hello everyone! Can anyone help me pls - Thank you Newton is a one-thi.docx

  • 1. Hello everyone! Can anyone help me pls ? Thank you Newton is a one-third owner of ProRite Partnership. Newton has decided to sell his interest in the business to Betty for $67,000 cash plus the assumption of his share of ProRite Solution answer.. note.. please provide question in proper formet in further partenars capital accounts Particular New ton Barbara Liz Particular New ton Barbara Liz liablity 20000 20000 20000 by balance b/d 55833 55834 55833 by profit on revaluation 15980 15980 15980 to balance 82813 82814 82813 by cash 31000 31000 31000 102813 102814 102813 102813 102814 102813