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pierce has $36,000 capital and fay has $20,000 capital in the pierce and fay partnership. pierce and fat share profita and losses equally. ray russel

pierce has $36,000 capital and fay has $20,000 capital in the pierce and fay partnership. pierce and fat share profita and losses equally. ray russel contributs 22,000 to acquire 20% interes in the new partnership. journalizr the partnerships reciept of the 22,000$ from russell. image text in transcribed
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