=+2. Assume the partner with the capital deficiency in part (b) above declares bankruptcy and is unable

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=+2. Assume the partner with the capital deficiency in part

(b) above declares bankruptcy and is unable to pay the deficiency. Journalize the entries to

(a) allocate the partner’s deficiency and

(b) distribute the remaining cash.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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