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Ahmed, a new partner, contributed 570,000 cash plus machines valued at $35,000 to the partnership. This transaction is recorded by the following journal entry O
Ahmed, a new partner, contributed 570,000 cash plus machines valued at $35,000 to the partnership. This transaction is recorded by the following journal entry O A Debit Ahmed Capital $105.000 Credit Cash $70.000 and Machines $35.000 OB. Debit Cash $70,000 and Machines $35.000 Credit Ahmed Capital $105.000 ocDebit Assets $105,000 Credit Partnership Capital S105.000 Oo. Debit Cash $70,000 and Machines $35.000 Credit Partnership Capital S105.000
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