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Q7 - In Shaksy Co., capital balances are Bilal $60,000 and Imran $75,000. The partners share income equally. Ubaid is admitted to the firm with

Q7 - In Shaksy Co., capital balances are Bilal $60,000 and Imran $75,000. The partners share income equally. Ubaid is admitted to the firm with a 40% interest by an investment of cash of $65,000. Journalize the admission of Ubaid

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