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Example 2 . 6 5 : Record the following transactions for a partnership: Partner A invested $ 2 0 , 0 0 0 in cash.
Example : Record the following transactions for a partnership:
Partner A invested $ in cash.
Partner B invested equipment valued at $
Partner A withdrew $ for personal use.
Partner B withdrew $ for personal use.
Prepare the journal entries for these transactions and explain the impact on the partnerships equity accounts.
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