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Mickey and Minnie were in a partnership. They had income of $25,000. Mickey received a salary of $11,000. Minnie was given interest of 10% on
Mickey and Minnie were in a partnership. They had income of $25,000. Mickey received 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 persons capital account increased or decreased.
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