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10 Required Information [The following information applies to the questions displayed below.] Debra and Merina sell electronic equipment and supplies through their partnership. They wish
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Required Information [The following information applies to the questions displayed below.] Debra and Merina sell electronic equipment and supplies through their partnership. They wish to expand their computer lines and decide to admit Wayne to the parthership. They share income in a ratio of 3:2. DebraMerina$190,000152,000 required: Wayne Invests $105,000 for a 20 percent Interest. Goodwill is to be recorded. Note: If no entry is required for a transaction/event, select "No Journal entry required" In the flrst account fleld. Journal entry worksheet B Record the entry for goodwill. Note: Enter debits before creditsStep by Step Solution
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