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Hank and Paul had capital balances of $80,000 and $120,000 respectively when Sandra invested $150,000 for a 40% ownership in the partnership. Hank and Paul

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Hank and Paul had capital balances of $80,000 and $120,000 respectively when Sandra invested $150,000 for a 40% ownership in the partnership. Hank and Paul share profits and losses equally. Which statement is correct? Sandra's capital account will be debited for $140,000 Sandra's capital account will be credited for $150,000. O Sandra's capital account will be credited for $140,000 Sandra's capital account will be debited for $150,000

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