The capital accounts of Barbara Shaw and Jane O'Halloran have balances of $120,000 and $100,000, respectively. Juan
Question:
a. Journalize the entries to record the admission of
(1) Rohon
(2) Galen.
b. What are the capital balances of each partner after the admission of the new partners?
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Related Book For
Accounting Volume 2
ISBN: 978-0176509743
2nd Canadian edition
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
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