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7. Ira and Phil form a partnership named I&P Associates. Ira Contributed cash amounting to $10,000. Phil contributed his truck worth $10,000 and cash amounting

7. Ira and Phil form a partnership named I&P Associates. Ira Contributed cash amounting to $10,000. Phil contributed his truck worth $10,000 and cash amounting to $5,000. What journal entries woul...

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