Emily and Kelly formed the EK Partnership to sell athletic apparel on January 1, year 1. The business acquired $140,000 cash from Emily and $60,000 cash from Kelly. During
year 1, the EK Partnership earned $124,000 in cash revenues and paid $34,000 in cash
expenses. Emily withdrew $7,000 from the business and Kelly withdrew $3,000. The
net income was allocated to the capital accounts of the partners in proportion to the
amounts of their original investment.
Prepare a capital statement for the EK Partnership. What are the year-end balances in
the each partner's capital account?

The following selected amounts are reported on the year-end unadjusted trial balance report for a company that uses the percent of sales method to determine its bad debts expense. accounts receivable $ 435,000 debit allowance for doubtful accounts 1,250 debit net sales 2,100,000 credit all sales are made on credit. based on past experience, the company estimates 1.0% of credit sales to be uncollectible. what adjusting entry should the company make at the end of the current year to record its estimated bad debts expense

What is the connection between digital transformation and customer experience

Consider the following scenarios. use what you have learned to decide if the goods and services being provided are individual, public, or merit goods. for each case, state what kind of good has been described and explain your answer using the definitions of individual, public, and merit goods. (6 points each) 1. from your window, you can see a city block that's on fire. you watch city firefighters rescue people and battle the flames to save the buildings. 2. while visiting relatives, you learn that your cousins attend a nearby elementary school that is supported financially by local property tax revenue. 3. you see a squadron of military jets flying overhead. 4. you find out that your aunt works for a defense manufacturing company that has several defense contracts with the government. she tells you that she works for a team that is producing a communications satellite. 5. your class visits a local jail run by a private, profit-making company that detains county criminals and is paid with tax revenue.