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VIEW PRINTER VERSION BACK A. Vevaris and . Rubenis share profit on a 211 basis, respectively. Thay have capital balances of $40,910 and $34,090, respectively,
VIEW PRINTER VERSION BACK A. Vevaris and . Rubenis share profit on a 211 basis, respectively. Thay have capital balances of $40,910 and $34,090, respectively, when S. Waiss is admitted to the partnership on September 1, 2017 your answer is partially correct. Try again. Prepare the journal entry to record the admission of weiss under each of the following independent assumptions: (Round answers to 0 decimal places, e-g. 5275. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 1. 2. Weiss purchases 50% of ververis's equity for $24.945. This is a personal transaction between the partners. weiss purchases 25% of vervens's and Rubens's equity for $14.038 and $10.843, respectively. This is a personal transaction between the part Date Account Titles and Explanation Debit Credit (1) Sept, 1 TTS. Waiss, Capital 24945 A.Vevens, Capital 24945 (2) Sept. 1 TTs. Weiss, Capital 24881 A. Veveris, Capital Y 14038 Rubenis, Cepital 10843 LINK TO TEXT your anawer is partially correct. Try again. For each of these altematives, indicate the balance in each partner's capital account and total partners' equity after Weiss is admitted to the partnership. (Round answers to 0 decimal places, e.g. 5,275. Do not leave any answer field blank, Enter 0 for amounts.) A. Veveris Capital J. Rubenis Capital S. Weiss Capital Total Capital Alternative 1 Beginning balance Ending balance 40910 34090 49973 124973 2422 2574 75001 12497
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