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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 3:2, respectively. Record Wayne's admission for each of the following Independent situations: e. Wayne directly purchases a 25 percent Interest by paying Debra $89.200 and Merina $65,800. The land account is increased before Wayne is admitted. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction let Journal entry worksheet < A B Record the revaluation of land. Note: Enter debits before credits

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