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Zeller, Acker, and Benton are partners with capital balances as follows: Zeller, $94,000; Acker, $79,000; and Benton, $157,000. The partners share profits and losses in
Zeller, Acker, and Benton are partners with capital balances as follows: Zeller, $94,000; Acker, $79,000; and Benton, $157,000. The partners share profits and losses in a 3:2:5 ratio. Dent is admitted to the partnership on May 1, 2020, with a 25% equity. Prepare General Journal entries to record the entry of Dent into the partnership under each of the following unrelated assumptions:
Zeller, Acker, and Denton are pertners with capital belances as follows: Zeller, $9,000, Ncker, $79000, and Denton, 5157000 . The partners sha.e profits and losses in a 32:5 ratio. Dert is admittec to the parthership on May 1, 2020, with a 25% equity. lirepare General Jou mal entries to record the enty of Dent hto the partnersilp uncler each of the following ur related assu mptions: a. Dent imucsts $n0000 : Journal entry worksheet Record the admissien of Dent. hote: Enter cesits terse orodlts. b. Dent ifvests $/1,000. Journal entry worksheet Flecord the antisino of Dent. c. Denil irruesls 5141,000Step by Step Solution
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