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K. Kolmer, C. Eldman, and C. Ryno share income on a 5:3.2 basis. They have capltal balances of $27,000,$28,200, and $22,200, respectively, when Don Jernigan
K. Kolmer, C. Eldman, and C. Ryno share income on a 5:3.2 basis. They have capltal balances of $27,000,$28,200, and $22,200, respectively, when Don Jernigan is admitted to the partnership. Prepare the journal entry to record the admission of Don Jernigan under each of the following assumptions. (Creatit account tibier are automotloaty hdented wher anowot is entered, Do not indent monually a. Don Jemigan purchases of 50$ of Kolmer's equity for $18,300. b. Don Jernigan purchases of 50% of Eidman's equity for $6,400. c. Don Jernigan purchases of 33%/9% of Ryno's equity for $12,000
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