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A. Veveris and 3. Rubenis share profit on a 2: 1 basis, respectively. They have capital balances of $40, 770 and $34, 230, respectively, when
A. Veveris and 3. Rubenis share profit on a 2: 1 basis, respectively. They have capital balances of $40, 770 and $34, 230, respectively, when S. Weiss is admitted to the partnership on September 1, 2017 Prepare the journal entry to record the admission of Weiss under each of the following independent assumptions: (Round answers to 0 decimal places, e-g. 5, 775. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 1. Weiss purchases 50% of Ververis's equity for $23, 835. This is a personal transaction between the partners. 2. Weiss purchases 25% of Ververis's and Rubenis's equity for $14, 713 and $11, 018, respectively, This is personal transaction between the partners. For each of these alternatives, indicate the balance in each partner's capital account and total partners' equity after Weiss is admitted to the partnership. (Round answers to 0 decimal places, e.g. 5, 275. Do not leave any answer field blank. Enter 0 for amounts.)
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