q13

Question 13 Copy of Zahra and Batool are partners in Z&B Partnership with initial investment of $180,000 and $120,000, respectively. They share income and loss by 3 : 2 ratio, respectively. They accepted Mariam as a new partner in the partnership. Required: Prepare Journal entries to record the admission of Mariam who invests cash of $80,000 in the partnership and receives 25% ownership interest in the new partnership YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM; DO NOT USE", "BETWEEN NUMBERS: Dr. Cash 100000 Cr. Land 100000 For the toolbar, press ALT=F10 (PC) or ALT+FN+F10 (Mac). BI V S Paragraph Arial EVA 2 GQ v Ix % Q. ... 10pt T