Business, 06.12.2019 04:31 henryzx900

Henry jones contributed equipment, inventory, and $57,300 cash to a partnership. the equipment had a book value of $27,800 and market value of $34,100. the inventory had a book value of $46,700 but only had a market value of $10,400 due to obsolescence. the partnership also assumed a $14,900 note payable owed by henry that was originally used to purchase the equipment. what amount should be recorded to henry's capital account?
a.$86,900
b.$123,200
c.$146,700
d.$116,900

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Henry jones contributed equipment, inventory, and $57,300 cash to a partnership. the equipment had a...

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