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fill out the journal entries On 1 May 2020, Isabel and Timmy agreed to admit Villager into their partnership. At that time, Isabel has a

fill out the journal entries
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On 1 May 2020, Isabel and Timmy agreed to admit Villager into their partnership. At that time, Isabel has a capital balance of $57000 and Timmy has a capital balance of $72000. Isabel and Timmy share profits in the ratio of 3:6. Required: Fill out the journal entries below to admit Villager to the partnership based on each the following independent agreements 1. Villager invests $62800 cash into the partnership for a 25% interest. 2. Villager invests $41400 cash into the partnership for a 35% interest. Round all amounts to the nearest dollar

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