In Decker Co., capital balances are Menke $40,000 and Hibbett $50,000.The partners share income equally. Kosko is

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

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Accounting Principles

ISBN: 978-0470533475

9th Edition

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

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Question Posted: Sep 13, 2011 08:47 AM

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In Decker Co., capital balances are Menke $40,000 and Hibbett $50,000.The partners share income equally. Kosko is

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Cash 52000 Menke Capital 50 11...View the full answer

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