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Foss, Albertson, and Espinosa are partners who share profits and losses 5 0 % , 3 0 % , and 2 0 % , respectively.
Foss, Albertson, and Espinosa are partners who share profits and losses and respectively. Their capital
balances are $$ and $ respectively.
a
Assume Garrett joins the partnership by investing $ for a interest with bonuses to the existing
partners. Prepare the journal entry to record his investment. Credit account titles are automatically
indented when amount is entered. Do not indent manually.
Account Titles and Explanation
Debit
Credit
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