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Smith and William both pay Brown $14,000 from their personal assets to each receive 50% of Brown's equity. (Credit account titles are automatically indented when

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Smith and William both pay Brown $14,000 from their personal assets to each receive 50% of Brown's equity. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)

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