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(Part A, Part B, and Part C) Hello If anyone can help me with this three part problem that I don't seem to get that
(Part A, Part B, and Part C) Hello If anyone can help me with this three part problem that I don't seem to get that would be greatly appreciated and if you can make sure it's correct.Thanks again
Part A
Part B
Part C
Elkins and Landry are partners who share income and losses in the ratio of 3:2, respectively. On August 31, their capital balances were: Elkins, $ 142000 and Landry, $ 115000. On that date, they agree to admit Neumark as a partner with a one-third capital interest. If Neumark invests $ 100000 in the partnership, what is Landry's capital balance after Neumark's admittance? O $ 119000 O $ 115000 O $ 107400 O $ 105400 Gable and Devito share partnership profits and losses in the ratio of 6:4. Gable's Capital account balance is $ 162000 and Devito's Capital account balance is $ 108000. Nance is admitted to the partnership by investing $ 170000 and is to receive a one-fourth ownership interest. Gable, Devito and Nance's capital balances after Nance's investment will be Gable Devito Nance O $ 162000 $ 108000 $ 170000 $ 185000 $ 135000 $ 110000 $ 188000 $ 132000 $ 110000 $ 198000 $ 132000 $ 110000 Wu and Mannis each sell 1/3 of their partnership interest to Patel, receiving $ 106000 each. At the time of the admission, each partner has a $ 314100 capital balance. The entry to record the admission of Patel will show a credit to Patel, Capital for $ 314100. debit to Mannis, Capital for $ 314100. debit to Cash for $ 209400. O debit to Wu, Capital for $ 104700
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