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Multiple Choice Question 69 M. Abadie and S. Collier combine their individual sole proprietorships to start the Abadie - Collier partnership. M. Abadie and S.
Multiple Choice Question 69 M. Abadie and S. Collier combine their individual sole proprietorships to start the Abadie - Collier partnership. M. Abadie and S. Collier invest in the partnership as follows Fair Value Abadie Collier Book Value Abadie Collier $20700 $5100 10000 6000 Cash $20700 $5100 6000 Accounts Receivable 10000 Allowance for Doubtful Accounts Equipment Accumulated Depreciation (1200) 15100 (2500) (700) 25000 (9600) (2000) 13900 (920) 8800 The entries to record the investment will include a credit to: Abadie, Capital of $42100. Collier, Capital of $18980. Abadie, Capital of $43300. Collier, Capital of $25580. dy Click if you would like to Show Work for this question: Open Show Work Version 4.24.18.4
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