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White and Morse had beginning capital balances of $22.000 and $19.000, respectively. The two partners fail to agroo on a profit-and-loss-sharing ratio. For the
White and Morse had beginning capital balances of $22.000 and $19.000, respectively. The two partners fail to agroo on a profit-and-loss-sharing ratio. For the first month (June 20241 the partnership has a net loss of $5,000 Read the requirements Cu Requirement 1. How much of this loss goes to While? How much goes to Morse? White's loss Morse's loss Requirement 2. The partners withdrew no assets during June What is each partner's capital balance at June 307 Prepare a T-account for each partner's capital account Determine each partner's capital balance using these Taccounts White, Capital Morse, Capital
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