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4-8 points Chico and Dino share net income and losses in a 7:3 ratio and have capital balances of $35,000 and $30,000 respectively. Filo invests

4-8 points Chico and Dino share net income and losses in a 7:3 ratio and have capital balances of $35,000 and $30,000 respectively. Filo invests $35,000 for a one fourth interest in the partnership. Prepare the journal entry if the bonus method is used. Show all computations. IFimage text in transcribed

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