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Exercise 3: Frank and Harry are partners. Frank has a capital balance of $51,000 and Harry has a capital balance of $40,000. Bill invested a

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Exercise 3: Frank and Harry are partners. Frank has a capital balance of $51,000 and Harry has a capital balance of $40,000. Bill invested a building worth $27.000 to the partnership for an ownership interest of 20%, they share profits and losses equally Required: prepare the journal entry to record the admission of bill

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