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Journal entries required to dissolve the partnership? Con is extremely appreciative of the work you have done with him and was mentioning how great you
Journal entries required to dissolve the partnership?
Con is extremely appreciative of the work you have done with him and was mentioning how great you are to Bill when he was buying the group of assets from him. Bill has contacted you to help him close down his business. Bill's business Create or Refresh was a partnership he had been running with his good friend Ren Vate. Bill and Ren have provided you with the following information about the dissolution of their business. 239,000 239,000 In addition to the $90,000 cash Con paid to Bill, Ren was able sell off the remaining assets for $134,500 cash. Bill and Ren have always shared any profits and losses equally ( 50% each) Step by Step Solution
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