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Matolcsy and Wells are partners. They share profits and losses equally. Their current capital account balances are $20 and $10 respectively. They decide to admit
Matolcsy and Wells are partners. They share profits and losses equally. Their current capital account balances are $20 and $10 respectively. They decide to admit Tyler to the partnership. Tyler invests $10 for a 30 per cent share of the partnership. The journal entry to admit Tyler will include?
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