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MacArthur, Strong,and Viet form a partnership. MacArthur contributes $190,000 cash and strong contributes $200,000 in cash. Viet contributes equipment worth $215,000. Prepare the single journal
MacArthur, Strong,and Viet form a partnership. MacArthur contributes $190,000 cash and strong contributes $200,000 in cash. Viet contributes equipment worth $215,000. Prepare the single journal entry to record the formation of this partnership.
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