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Jamila, Jawaher, and Jumanah each have an OMR12,000 capital balance, Jamila is retiring from the business, the profit and loss sharing ratio is 1:2:3 The
Jamila, Jawaher, and Jumanah each have an OMR12,000 capital balance, Jamila is retiring from the business, the profit and loss sharing ratio is 1:2:3 The journal entry for payment of OMR14,000 to Jamila upon her retirement on October 31, would be: Select one: O a. Dr. Jamila, Capital 14,000 Cr. Jawaher, Capital 800 Jumanah, Capital 1,200 Cash 12,000 O b. Dr. Cash 14,000 Cr. Jawaher, Capital 800 Jumanah, Capital 1,200 Jamila, Capital 12,000 O c. Dr. Jamila, Capital 12,000 Cr. Jawaher, Capital 800 Jumanah, Capital 1,200
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