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Require mation Problem 15-11 (Algo) Admission of a Partner LO 15-6 [The following information applies to the questions displayed below.] Debra and Merina sell
Require mation Problem 15-11 (Algo) Admission of a Partner LO 15-6 [The following information applies to the questions displayed below.] Debra and Merina sell electronic equipment and supplies through their partnership. They wish to expand their computer lines and decide to admit Wayne to the partnership. They share income in a ratio of 3:2. Debra Merina $ 200,000 160,000 Problem 15-11 (Algo) Part e Required: e. Wayne directly purchases a 25 percent interest by paying Debra $100,000 and Merina $52,000. The land account is increased before Wayne is admitted. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. No Event A 1 Land Debra, Capital Merina, Capital B 2 Debra, Capital Merina, Capital Wayne, Capital Answer is not complete. General Journal Debit Credit 152,000
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