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Explain the different ways in which a person can become responsible for the acts of...

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Accounting

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Explain the different ways in which a person can become responsible for the acts of her partner and describe the limitations on this responsibility. Describe the liability of retiring and new partners. Marks Required Prepare general journal entries for Juliet Merchandising for the tokowing a June 2 Juliet received items with the$18000invfrom re FOB shipping point Juliet paid the treight bill amounting to $2.000 ts succer, Ten -200m 4 Juliet returned $2,500 of the merchandise billed on June 2 because tw defective. 5 Juliet sold $8,000 of merchandise on account, terms 3415 n/230.The cont of the merchandise sold was $5,100. 0 Juliet paid the invoice dated June 2 15 A customer returned $2,500 of merchandise sold on June 5. The cost of the rehumed merchandise was $1,450 19 Juliet received payment on the remaining amount due from the sale of June 5, ess the retun and the discount

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