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A B and C share profits in the ratio 2:3:5 in a partnership and have capital balance of $100000, 60000 and 40000 respectively prepare the
A B and C share profits in the ratio 2:3:5 in a partnership and have capital balance of $100000, 60000 and 40000 respectively prepare the journal entries necessary to admit D to the partnership under each of the following separete cases:
A. D buy 40% of A for 50000
B. D invests sufficient cash to receive a 20% interest
C. D invests $80000for a 1/4 interest. goodwill is to be rcorded
D. D invests 40000 for a 1/4 interest. The bonus method is to be used
E. D. invests 120000 for a 120,000 fir a 1/4 interest. the bonus method is to be used
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