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Required information [The following information applies to the questions displayed below] Debra and Merina sell electronic equipment and supplies through their partnership. They wish to
Required information [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. Debra's capital is $190,000, Merina's capital is $152,000, and they share income in a ratio of 32, respectively Record Wayne's admission for each of the following independent situations: g. Wayne invests $105,000 for a 20 percent interest. Goodwill is to be recorded. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet A B Record the entry for goodwill. Note: Enter debits before credits. Event 1 General Journal Debit Credit < Prev 10 99 of 18 Next > g. Wayne invests $105,000 for a 20 percent interest. Goodwill is to be recorded. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < A B Record the admission of Wayne. Note: Enter debits before credits. Event 2 General Journal Debit Credit
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