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Simmons is purchasing 50% of Bowland's capital for $50,000 cash. What would be the entry to record this transaction? There is not enough information to
Simmons is purchasing 50% of Bowland's capital for $50,000 cash. What would be the entry to record this transaction? There is not enough information to record this. Debit Cash for $25,000, Credit Simmons, Capital for $25,000 Debit Bowland, Capital for $25,000, Credit Simmons, Capital for $25,000 Debit Simmons, Capital for $25,000, Credit Bowland, Capital for $25,000
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