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Pam and Lola started a partnership, Pam has a capital balance of $150,000 and Lola has a capital balance of $125,000. They share profits and

Pam and Lola started a partnership, Pam has a capital balance of $150,000 and Lola has a capital balance of $125,000. They share profits and losses Pam 60 percent and Lola 40 percent. Jon invests $75,000 in cash in the partnership for a 25 percent ownership. The bonus Method will be used. Prepare the necessary Journal entry and procedure to admit Jon into the partnership
HELP add the math

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