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Following are the capital account balances and profit and loss percentages ( indicated parenthetically ) for the Alden, Boyd, and Carmel partnership: Required: Del Mar

Following are the capital account balances and profit and loss percentages (indicated parenthetically) for the Alden, Boyd, and Carmel
partnership:
Required:
Del Mar invests $310,000 in cash for a 30 percent ownership interest. The money goes to the business. No goodwill or other
revaluation is to be recorded. After the transaction, compute Boyd's capital balance.
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