EXERCISE 13­1 Jan. 1 Cash..................................................................... Accounts Receivable.......................................... Equipment............................................................ Allowance for Doubtful Accounts..............  3,000 Fred Flintstone, Capital...............................

40,500 12,000 14,000 17,500

*EXERCISE 13­7 (a) J. Kirk, Capital ($32,000 X 50%)................................. D. Bones, Capital................................................ 16,000 (b) M. Spock, Capital ($26,000 X 50%)............................ D. Bones, Capital................................................ 13,000 (c) F. Scot, Capital ($15,000 X 33 1/3%).......................... D. Bones, Capital................................................  5,000 16,000

13,000

 5,000