DE12-11 Study the partnership balance sheet of Nagasawa and Osburn on page 476. Suppose Christine Kliptel invests
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DE12-11 Study the partnership balance sheet of Nagasawa and Osburn on page 476. Suppose Christine Kliptel invests $50,000 to purchase a one-fifth interest in the new partner- ship of Nagasawa, Osburn, and Kliptel (NOK Partners). Journalize the partnership's receipt of cash from Kliptel.
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ISBN: 9780130906991
5th Edition
Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones
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