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Partnership Opening Entries Patty McShane and Betty Lou Blixt agreed on September 1 to go into business as partners. According to the agreement, McShane is

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Partnership Opening Entries Patty McShane and Betty Lou Blixt agreed on September 1 to go into business as partners. According to the agreement, McShane is to contribute $55,000 cash and Blixt is to contribute $80,000 cash. Provide a separate journal entry for the investment of each partner

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