Debra and Merina sell electronic equipment and supplies through their partnership. They wish to expand their...

 

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Debra and Merina sell electronic equipment and supplies through their partnership. They wish to expand their computer lines and decide to admit Wayne to the partnership. They share income in a ratio of 3:2. Debra Merina $ 200,000 160,000 Required: f. Wayne invests $65,000 for a 20 percent interest in the total capital of $425,000. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list View journal entry worksheet No Event General Journal A 1 Cash Debra, Capital Merina, Capital Wayne, Capital Debit Credit 65,000 Debra and Merina sell electronic equipment and supplies through their partnership. They wish to expand their computer lines and decide to admit Wayne to the partnership. They share income in a ratio of 3:2. Debra Merina $ 200,000 160,000 Required: f. Wayne invests $65,000 for a 20 percent interest in the total capital of $425,000. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list View journal entry worksheet No Event General Journal A 1 Cash Debra, Capital Merina, Capital Wayne, Capital Debit Credit 65,000