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9 Required Information [The following information applies to the questions displayed below.] Debra and Merina sell electronic equipment and supplies 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 supplies through their partnership. They wish to expand thelr computer lines and decide to admit Wayne to the partnership. They share Income in a ratio of 3:2. DebraMerina$190,000152,000 Required: . Wayne invests $73,000 for a 20 percent Interest In the total capital of $415,000. Note: If no entry Is required for a transaction/event, select "No journal entry required" in the first account fleld. Journal entry worksheet Record Wayne's investment of $73,000 for the one-fifth interest given that the total capital is $415,000. Note: Enter debits before creditsStep by Step Solution
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