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Problem 1 Partners A and B share income on the 6:4 basis. They have Capital balances of $100,000 and 70,000 respectively, when C is admitted

Problem 1 Partners A and B share income on the 6:4 basis. They have Capital balances of $100,000 and 70,000 respectively, when C is admitted to the partnership Prepare the journal entries to record the entry of "C" from the above. Also, "C" will invest $100,000 for a 30% ownership. Someones are getting extra Account Name Debit Credit

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