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8 Required Information [The following information applies to the questions displayed below.] Debra and Merina sell electronic equipment and suppiles through their partnership. They wish

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Required Information [The following information applies to the questions displayed below.] Debra and Merina sell electronic equipment and suppiles through their partnership. They wish to expand their computer IInes and decide to admit Wayne to the partnership. They share income in a ratio of 3:2. DebraMerina$190,000152,000 equired: Wayne directly purchases a 25 percent interest by paying Debra $84,000 and Merina $51,000. The land account is increased efore Wayne is admitted. lote: If no entry is required for a transaction/event, select "No Journal entry required" in the first account fleid. Journal entry worksheet Record the revaluation of land. Note: Enter debits before credits

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