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Required: Record the journal entry for the following transaction: Moon and Sky need money to buy equipment to win a contract. They offer Starz
Required: Record the journal entry for the following transaction: Moon and Sky need money to buy equipment to win a contract. They offer Starz a 35% share for a $100,000 investment The partnership agreement does not indicate how to split partnership profits and losses. Moon, Capital 125,000 Sky, Capital 100,000
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The entry will be Cash ac debit 100000 To ...
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Fundamental Accounting Principles
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
20th Edition
1259157148, 78110874, 9780077616212, 978-1259157141, 77616219, 978-0078110870
