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Partnership Opening Entries Kai Irvine and Leila Wong agreed on September 1 to go into business as partners. According to the agreement, Irvine is
Partnership Opening Entries Kai Irvine and Leila Wong agreed on September 1 to go into business as partners. According to the agreement, Irvine is to contribute $48,000 cash and Wong is to contribute $70,000 cash. Provide a separate journal entry for the investment of each partner. Page: 1 DOC. POST. DEBIT CREDIT DATE ACCOUNT TITLE NO. REF. 20- I Sept. 1 2 3 4 Sept. 1
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Advanced Financial Accounting
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
6th edition
013703038X, 978-0137030385
