In Coriakin Co., capital balances are Gael $40,000 and Nausus $50,000. The partners share income equally. Slaver

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In Coriakin Co., capital balances are Gael $40,000 and Nausus $50,000. The partners share income equally. Slaver is admitted to the firm with a 45% interest by an investment of cash of $52,000. Journalize the admission of Slaver.

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Accounting Principles

ISBN: 978-0470534793

10th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Oct 28, 2011 05:17 AM

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In Coriakin Co., capital balances are Gael $40,000 and Nausus $50,000. The partners share income equally. Slaver

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Cash 52000 Gael Capital 50 X 1...View the full answer

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