ACC 205 WEEK 1
7. Journal entry preparation.On January 1 of the current year, Peter Houston invested $100,000 cash into his companyMuniServ.The cash was obtained from an owner investment by Peter Houston of $70,000 and a $30,000 notes payable. Shortly thereafter, the company ac¬quired selected assets of a bankrupt competitor. The acquisition included land ($15,000), a building ($40,000), and vehicles ($10,000). MuniServ paid $45,000 at the t
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allied-american-university
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ACC 205
18 Sep 2015