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2. Record the capital allocation to O'Donnell and loss to Reese capital. 3. Record the cash received from new partner. 4. Record entry to close
2. Record the capital allocation to O\\'Donnell and loss to Reese capital. 3. Record the cash received from new partner. 4. Record entry to close drawings accounts. 5. Record the distribution of net income to partners. 6. Record the reclassification of Dunn interest after acquisition. 7. Record entry to close drawings accounts. 8. Record the distribution of net income to partners. 9
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