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Dr. J. Hall and Dr. S. Young have been operating a dental practice as a partnership for several years. The fixed profit and loss
Dr. J. Hall and Dr. S. Young have been operating a dental practice as a partnership for several years. The fixed profit and loss ratio is 60% for Dr. Hall and 40% for Dr. Young. The dental practice had the following general ledger account balances at November 30, 2024, its fiscal year end: Cash $35,350 16,840 Supplies Equipment 183,860) Accumulated depreciation-equipment 43.200 Accounts payable 16,400 Notes payable, due 2025 58,400 J. Hall, capital 61.500 J. Hall, drawings S. Young, capital S. Young, drawings 148,090 34,410 98,030 Activate W Go to Setting
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