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  • Partnership and Corporation Reviewer

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    Lyka Estrada
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    This document contains sample journal entries for opening a partnership or corporation, including entries for cash, capital, equipment, and accounts payable that establish the initial capital and assets of the new business entity. The entries debit and credit the appropriate accounts to record the financial transactions and balances at inception.

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    This document contains sample journal entries for opening a partnership or corporation, including entries for cash, capital, equipment, and accounts payable that establish the initial capital and assets of the new business entity. The entries debit and credit the appropriate accounts to record the financial transactions and balances at inception.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    10 views1 page

    Partnership and Corporation Reviewer

    Uploaded by

    Lyka Estrada
    This document contains sample journal entries for opening a partnership or corporation, including entries for cash, capital, equipment, and accounts payable that establish the initial capital and assets of the new business entity. The entries debit and credit the appropriate accounts to record the financial transactions and balances at inception.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    PARTNERSHIP AND CORPORATION

    Opening Simple Journal Entry

    Jan,

    Cash xx

    Capital xx

    Equipment xx

    Accounts payable xx

    Capital xx

    Compound Opening Journal

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