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Mike and Smith are parters in Oll Partnership and share any profft and losses on a 50/50 basis. They have des Runtime their peership

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Mike and Smith are parters in Oll Partnership and share any profft and losses on a 50/50 basis. They have des Runtime their peership On November 15, the partnership shows the following account balances just prior to Patonum alience Cardh $58,000 Vehicle Accum. Dep Mile Capital Smith Capital $12.000 $3.000 $42.000 $25,000 Additional information The vehicle was sold for $300 Resured Red the quedoumalants for the quinton one gamership (bine there are three journal entries

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