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On May 1, 2017, B) and Paige formed a partnership. Each contributed assets with the following agreed-upon valuations BJ Paige Cash $85,000 $29,000 Equipment 53,000
On May 1, 2017, B) and Paige formed a partnership. Each contributed assets with the following agreed-upon valuations BJ Paige Cash $85,000 $29,000 Equipment 53,000 61,000 Loan Payable 0 108,000 Building 0 300,000 Prepare a separate journal entry to record each partner's contributions. If an amount box does not require an entry, leave it blank. May 1 May 1
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
