Question
3 of 7 1 Required information [The following information applies to the questions displayed below] Debra and Merina sell electronic equipment and supplies through
3 of 7 1 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 partnership. Debra's capital is $190,000, Merina's capital is $152,000, and they share income in a ratio of 3:2, respectively. c. Wayne invests $100,000 for a 25 percent interest. Goodwill is to be recorded. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list erences Journal entry worksheet Record Wayne's investment of $100,000 for a one-fourth interest; goodwill. Note: Enter debts before credits. Event 1 Goodwill Cash Wayne, Capital General Journal Debit Credit Record entry Clear entry View general journal
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