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. They share income in a ratio of $3$:$2.$

$\backslash$table$[[$Debra $,$$$200,000,],[$Merina$,160,000]]$

Required:

d$.$ Debra and Merina agree that some of the inventory is obsolete. The inventory account is decreased before Wayne is admitted. Wayne invests $$100,000$ for a $25$ percent interest.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

A

B

Record the write$-$down of inventory.

Note: Enter debits before credits.