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Al and Bo agree to form a partnership each contributing $50,000 in cash as capital. The general journal entries to record capital contributions of Al
Al and Bo agree to form a partnership each contributing $50,000 in cash as capital. The general journal entries to record capital contributions of Al and Bo would be: Select one: Debit: Bank 100,000. Credit: Capital - Al 50,000. Credit: Capital - Bo 50,000 Debit: Bank 50,000. Credit: Capital - Al 50,000. Credit: Capital - Bo 50,000 Debit: Capital - Al 50,000. Debit: Capital - Bo 50,000. Credit: Bank 100,000 Debit: Capital - Al 50,000. Credit: Capital - Bo 50,000. Credit: Bank 100,000
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