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7 Required Information [The following information applies to the questions displayed below] Debra and Merina sell electronic equipment and supplies through their parthership. They wish
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Required Information [The following information applies to the questions displayed below] Debra and Merina sell electronic equipment and supplies through their parthership. They wish to expand their computer Ines and decide to admit Wayne to the partnership. They share income in a ratio of 3:2 DebraMerina$190,000152,000 Requlred: 4. Debra and Merina agree that some of the inventory is obsolete. The inventory account is decreased before Wayine is admitted. Nayne invests $90.000 for a 25 percent interest. Note: If no entry is requlred for a transaction/event, select "No journal entry requlred" in the first account fleld. Journal entry worksheet BStep by Step Solution
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