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ASAP!! Problem 3 Example: Smith contributes $50,000 and Jones contributes $20,000 cash to a partnership. Because Jones brings special skills to the partnership, the partners

ASAP!!

Problem 3

Example: Smith contributes $50,000 and Jones contributes $20,000 cash to a partnership. Because Jones brings special skills to the partnership, the partners agree to split the capital (and future profits) evenly between themselves.

what is a Journal entry: ??

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