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Wallace, Singson, and Prince are partners and share income and losses in a 202 ratio. The partnersho's capital balances are Wallace 572.000 Simon 584,000 and

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Wallace, Singson, and Prince are partners and share income and losses in a 202 ratio. The partnersho's capital balances are Wallace 572.000 Simon 584,000 and Prince $81.200 Moysis admitted to the partnership on July 1 with a 15% equity and invests $42000. The partnership would record the admission of Royal to the partners | | | Det Wwice. Cap.0, de recon 2200 400 cederot 52.000 De Cash $2.500. Prince Capital 5.500 De Cash 512.000, We Caps2000.it Son, Cah Sedece.000 42.000 o Del Cash $42.000. reditel Cap 42.000 0 De Cash 42.000 Simon Capital 5.300, Royal Cacao

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