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solve it in 10 mintue que ser uizServlet?ccid=11103 Question 6 [20 points] On April 12, 2014, Ryan Player and Bert Zimm formed a partnership. Ryan

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que ser uizServlet?ccid=11103 Question 6 [20 points] On April 12, 2014, Ryan Player and Bert Zimm formed a partnership. Ryan Player contributed $140,000 cash and Bert Zimm contributed equipment worth $120,000. Also the partnership assumed Ben Zimm's $30,000 long-term note payable associated with the equipment. The partners agreed to share profits using a 2:3 ratio. On November 3, Ryan Player withdrew $19,000 and Bert Zimm withdrew $30.000. After the adjusting entries and the closing entries to the revenue and expense accounts, the Income Summary account had a credit balance of $56,000. a) Prepare general journal entries for each of the following: 1. To record the initial capital investments of the partners. 2. To record the withdrawals of the partners. 3. The December 31 closing of the income summary account. 4. The December 31 closing of the withdrawals accounts. Enter the numbers above as the explanation, and the dates in the format dd/mmm (ie. 15/Jan). General Journal Page GJ2 Date Account/Explanation F Debit Credit + T b) Enter the balance of the partners' capital accounts as of the end of 2014. Balance of Ryan Player, Capital: Balance of Bert Zimm, Capital

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