Attachment # 00000715 - 4_part2_0.docx
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(refer to the detailed question and attachment below)
JumpinJehosaPhats is a small business owned by JJ Phats as the sole proprietor. JJphats is incorporating the business.On January 1, 2012 JumpinJehosaPhats Inc. has been authorized to issue 1,000,000 common shares with a Par Value of $1. In the process of incorporating, the sole proprietor owner’s equity accounts must be closed and the equity must now reflect a corporate stockholders’ equity account. The books for the Sole Proprietorship indicate the following:JJ Phats deposited $35,000 to start JumpinJehosaPhatsJJ Phats contributed $50,000 of equipment to start JumpinJehosaPhatsRetained Earnings December 31, 2011 = $150,000Prepare the Stockholder’s Equity Portion of the Balance Sheet on January 1, 2012.
Accounting - Corporations

Accounting - Corporations

Question # 00004685 Posted By: paul911 Updated on: 12/05/2013 12:44 PM Due on: 12/06/2013
Subject Accounting Topic Accounting Tutorials:
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A set of scenarios where you will perform various funtions regarding incorporation and statement of cash flows. Use the attached files. (4th Part has 2 worksheets)
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4_part1directions_0.docx (25 KB)
4_part2_0.docx (26.22 KB)
4_part3_0.docx (27.88 KB)
4_part4_0.xlsx (19.42 KB)
Tutorials for this Question
  1. mac123
    Tutorial # 00004484 Posted By: mac123 Posted on: 12/05/2013 12:45 PM
    Puchased By: 7
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    The solution of Accounting - Corporations...
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    4_part2_0_1_sol_0.docx (26.74 KB)
    4_part3_0_2_sol.docx (28.58 KB)
    4_part4_0_1_sol_0.xlsx (18.82 KB)
    part_1.doc (28.5 KB)
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