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Create your own example of admitting a new partner WITH A BONUS by addressing the following points: 1. What is total capital BEFORE AND AFTER
Create your own example of admitting a new partner WITH A BONUS by addressing the following points: 1. What is total capital BEFORE AND AFTER admitting the new partner? 2. Is the bonus going to the new partner or to the existing partners? 3. Prepare the necessary JOURNAL ENTRY to admit the new partner. Be specific and provide ALL necessary detail to support your calculations and journal entry. We will continue to dig into your example during the week
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