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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 the

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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 the partnership. They share income in a ratio of 3:2. \begin{tabular}{rr} Debra & $190,000 \\ Merina & 152,000 \end{tabular} Problem 15-11 (Algo) Part c Required: c. Wayne invests $100.000 for a 25 percent interest. Goodwill is to be tecorded Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. 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 32 . \begin{tabular}{rr} Debra & $190,000 \\ Merina & 152,000 \end{tabular} Problem 15-11 (Algo) Part d Required: d. Debra and Merina agree that some of the inventory is obsolete.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

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