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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 $200,000, Merina's capital is $160,000, and they share income in ratio of 3:2, respectively. . Wayne invests $64,000 for a 20 percent interest in the total capital of $424,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Debit Credit Event General Journal Inventory 64,000 A 1
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