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The company has assigned you with another new client, and the following is the Trial Balance of Kay and Ray as at 30 June 2021.

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The company has assigned you with another new client, and the following is the Trial Balance of Kay and Ray as at 30 June 2021. Additional Information - Kay and Ray will share profits 3:2 - On 1 July 2021 it was decided to admit Scott for a one-fifth share of the profits - Scott agrees to contribute $15,000 cash - Before the admission of Scott, it was decided to revalue the assets as follows: Task 13 Based on the above information, you are required to check the data for its accuracy and consistency and prepare a general journal entry for a partnership according to AASB and organisational requirements - general journal entries for asset revaluations - general journal entry for the admission of Scott

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