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Mickey and Minnie were in a partnership. They had inclme of 25,000. Mickey recieved a salary of 11,000. Minnie was given interest of 10%on her
Mickey and Minnie were in a partnership. They had inclme of 25,000. Mickey recieved a salary of 11,000. Minnie was given interest of 10%on her capital account of 200,000. Provide a schedule showing how much each capital account increased or decreased. Note: If entries are used it must be in a proper format. Meaning, debits come first and credits are second. Credits must be indented (both the name of the account and the dollar amount).
Credits must be indented (both the name of the account and the dollar amount).
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