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Zeller, Acker, and Benton are partners with capital balances as follows: Zeller, $86,000; Acker, $71,000; and Benton, $149,000. The partners share profits and losses in
Zeller, Acker, and Benton are partners with capital balances as follows: Zeller, $86,000; Acker, $71,000; and Benton, $149,000. 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: a. Dent invests $102,000: View transaction list Journal entry worksheet 1 Record the admission of Dent. Note: Enter debits before credits. Date May 01, 2020 General Journal Debit Credit Record entry Clear entry View general journal b. Dent invests $73,000: View transaction list Journal entry worksheet 1 Record the admission of Dent. Note: Enter debits before credits. Date May 01, 2020 General Journal Debit Credit Record entry Clear entry View general journal c. Dent invests $133,000: View transaction list Journal entry worksheet 1 Record the admission of Dent. Note: Enter debits before credits. Date May 01, 2020 General Journal Debit Credit View general journal Record entry Clear entry
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