Brad Simmons,sole proprietor of a hardware business,decides to form a partnership with Rich Winter.Brad's accounts are as follows: Rich agrees to contribute $170,000 for a 20% interest.Journalize the entries to record
(a)Brad's investment and
(b)Rich's investment.

Question

Brad Simmons,sole proprietor of a hardware business,decides to form a partnership with Rich Winter.Brad's accounts are as follows:​  Rich agrees to contribute $170,000 for a 20% interest.Journalize the entries to record 
(a)Brad's investment and 
(b)Rich's investment.

Quizplus · Accepted Answer

The Answer of Brad Simmons,sole proprietor of a hardware business,decides to form a partnership with Rich Winter.Brad's accounts are as follows:​  Rich agrees to contribute $170,000 for a 20% interest.Journalize the entries to record 
(a)Brad's investment and 
(b)Rich's investment.

Brad Simmons,sole Proprietor of a Hardware Business,decides to Form a Partnership