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Palin has $97,500 capital and Helmen has $37,500 capital in the Palin & Helmen partnership. Palin and Helmen share profits and losses equ Requirements 1.

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Palin has $97,500 capital and Helmen has $37,500 capital in the Palin & Helmen partnership. Palin and Helmen share profits and losses equ Requirements 1. Calculate Price's capital in the new partnership 2. Journalize the partnership's receipt of the $45,000 from Price. Requirement 1. Calculate Price's capital in the new partnership. (Leave unused cells blank. Do not enter a "O" for a zero balance.) Partnership capital before admission of new partner Contribution of new partner Partnership capital after admission of new partner Capital of new partner Bonus to & Heimen partnership. Palin and Helmen share profits and losses equally, Gavin Price contributos cash of $45,000 to acquire a 1/4 interest in the new partnership ve unused cells blank. Do not enter a "0" for a zero balance.)

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