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Debra and Merina sell electronic equipment and supplies through their partnership. They wish to expand their computer lines and decide to admit Wayne to
Debra and Merina sell electronic equipment and supplies through their partnership. They wish to expand their computer lines and decide to admit Wayne to the partnership. Debra's capital is $190,000, Merina's capital is $152,000, and they share income in a ratio of 3:2, respectively. Record Wayne's admission for each of the following independent situations: P15-11 Part b b. Wayne invests the amount needed to give him a one-third interest in the partnership's capital if no goodwill or bonus is recorded. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list A Record Wayne's investment, for one-third interest; no goodwill or bonus. us.
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