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a. Provide the journal entry for the asset revaluation. For a compound transaction, if an amount box does not require an entry, leave it
a. Provide the journal entry for the asset revaluation. For a compound transaction, if an amount box does not require an entry, leave it blank. Medical Equipment Abrams, Member Equity 40,000 40,000 b. Provide the journal entry for the bonus under the following independent situations: 1. Lin purchased a 30% interest in Alert Medical, LLC, for $228,000. For a compound transaction, if an amount box does not require an entry, leave it blank. 2. Lin purchased a 25% interest in Alert Medical, LLC, for $124,000. For a compound transaction, if an amount box does not require an entry, leave it blank.
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