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S. Pagan and T. Tabor share income on a 6:4 basis. They have capital balances of $108,000 and $65,000, respectively, when W. Wolford is
S. Pagan and T. Tabor share income on a 6:4 basis. They have capital balances of $108,000 and $65,000, respectively, when W. Wolford is admitted to the partnership, Prepare the journal entry to record the admission of W. Wolford under each of the following assumptions.
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Cost Accounting Traditions and Innovations
Authors: Barfield Jesse, Raiborn Cecily, Kinney Michael
4th edition
324026455, 978-0324026450
