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4 0 Required information [The following information applies to the questions displayed below.] Part 4 of 7 Debra and Merina sell electronic equipment and supplies
4 0 Required information [The following information applies to the questions displayed below.] Part 4 of 7 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 $200,000, Merina's capital is $160,000, and they share income in a ratio of 3:2, respectively. 5.88 points Skipped d. Debra and Merina agree that some of the inventory is obsolete. The inventory account is decreased before Wayne is admitted. Wayne invests $100,000 for a 25 percent interest. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
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