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3) Cooper, Kelly and Richardson each have a capital balance of OMR 100,000. Kelly is retiring from the partnership. The profit and loss sharing ratio

3) Cooper, Kelly and Richardson each have a capital balance of OMR 100,000. Kelly is retiring from the partnership. The profit and loss sharing ratio is 1:2:1. Journalize the payment of OMR 120,000 to Kelly up on retirement

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