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Dave Krug contributed $2,100 cash along with inventory and land to a new partnership. The inventory had a market value of $4,200. The land had
Dave Krug contributed $2,100 cash along with inventory and land to a new partnership. The inventory had a market value of $4,200. The land had a market value of $7,200. The partnership also accepted a $4,100 note payable owed by Krug to a creditor. Prepare the partnerships journal entry to record Krugs investment
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Principles Of Cost Accounting
Authors: Vanderbeck
13th Edition
0324191693, 978-0324191691
