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1. A, B, and C share proffts in the ratio of 2:3.5 In a partnershlp and have capital balances of $100,000 $60,000 and $40,000 respectively.

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1. A, B, and C share proffts in the ratio of 2:3.5 In a partnershlp and have capital balances of $100,000 $60,000 and $40,000 respectively. Prepare the journal entries necessary to the partnership under each of the following separate cases: admit D to a. b. c. d, e. Dbuys 40% of A for $50,000 D invests sufficient cash to receive a 20% interest D Invests $80,000 for a interest. Goodwill Is to be recorded. D invests $40,000 for a % interest. The bonus method is to be used. D invests $120,000 for a Interest. The bonus method is to be used

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