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Adam, Bill, and Charlie are partners. The profit and rule sharing rule between them is 2:5:3, with Bill getting the most and Adam getting the

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Adam, Bill, and Charlie are partners. The profit and rule sharing rule between them is 2:5:3, with Bill getting the most and Adam getting the least. The partnership incurs a net loss of $18,000. While closing the Income Summary Charlie, Capital will be debited for $5,409 Adam, Capital will be debited tor $5,400 Income Summary will be credited for $5,400 Adam, Capital will be credited for $5,400

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